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Showing 61 - 70 of 320 results for "Taxpayers"

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... children. "The super system is very complex. Everything you do has a cost, somebody has to pay whether it's employers or taxpayers, there is no free lunch," chair of the Actuaries Institute Superannuation and Investment Practice Committee Tim Jenkins ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... Representatives Standing Committee on Tax and Revenue has recommended that the Australian Tax Office develop a Bill of Rights for taxpayers. The committee made 19 recommendations in response to the Commissioner of Taxation's Annual Report. Along ...

Top franked stock picks: Morningstar

ELIZABETH MCARTHUR  |  FRIDAY, 6 AUG 2021
... ratios are relatively high due to the dividend imputation system, which returns corporate tax to Australian resident taxpayers via franking credits with dividends, creating additional income for Australian resident taxpayers." Taking into account these ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... fosters more efficient capital allocation. Further to this, life insurance has broader benefits to society, particularly taxpayers. The latest budget showed the government's largest budget item was social security and welfare at 33.9%. Rice Warner ...

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... gains and losses in their tax returns after fears investors may think they are tax-free. The ATO estimates that 600,000 taxpayers have invested in crypto assets in recent years and will be writing to 100,000 taxpayers to explain their tax obligations ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... threshold from $90,000 to $120,000. The third stage of the Personal Income Tax Plan is slated for 2024/25 with 95% of taxpayers facing a tax rate of 30% of less. However, small and medium businesses will benefit from a tax rate reduction from 30% to ...

ATO begins stimulus fraud convictions

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
... saying fraud against the stimulus measures is fraud against the community, effectively stealing from the pockets of taxpayers at a time when the community needs it most. "We have an important role to ensure the integrity of the stimulus measures and ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... will not be the case," Burgess said. Speaking at the recent SMSFA National Conference, Burgess reminded delegates that taxpayers must apply for administrative relief if they are unable to make the minimum yearly repayments on their Division 7A loans ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... increasing. "Plans to either ditch the increase or make the legislated increases opt-in would increase taxes and leave taxpayers on the hook for tens of billions in extra welfare spending," ISA said. "As more people retire without the benefit of the ...