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Showing 891 - 900 of 6836 results for "Tax"

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... management means lower deficits, less debt and savings on interest costs. Across our first two budgets, we are returning 87% of tax upgrades to the bottom line," he said. "This is more than double the previous government's effort of around 40%." Chalmers ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... independent review of the firm and its own Tony O'Malley has been appointed chief risk and ethics leader amid the ongoing tax crisis. The independent review, originally announced last week, will be conducted by Switkowski following the firm's ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... managing partner Pete Calleja and chief strategy, risk and reputation officer Sean Gregory have stepped down amid the firm's tax scandal. Calleja and Gregory will remain at PwC but have exited their senior roles and the executive board. The Australian ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
In a new podcast, HLB Mann Judd wealth management partner Michael Hutton says the plan to double concessional tax rates on super balances over $3 million has many pain points. Speaking with Financial Standard, Hutton said he is not a fan of the proposal ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... that will most impact the financial services industry, the government remained firm in its plan to double the concessional tax rate from 15% to 30% for super balances above $3 million. However, the SMSF Association called for the government to reopen ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... taxed at 45%. It will still be taxed at 45%, but if the doubling of the mischief amount includes taxable contributions, the tax won't be applied. Further, and in a significant concession, it has also suggested large APRA fund be exempted from NALI ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... advisers, the budget promised several measures that will make it easier and cheaper to run their businesses, starting with a tax incentive that encourages the use or upgrade of energy efficient machines. The Small Business Energy Incentive will help ...

Supercharging Australia's climate investment action

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
Australia is one of the world's savviest and highest-performance institutional investor markets, and the way it has embraced climate active and ESG investment strategies is about to be supercharged. After almost a decade-and-a-half of climate and ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... Australia's $2 trillion GDP, it accounts for almost 70% of national exports. As a result, the 9% increase in expected tax receipts for 2022-23 over 2021-22 and the 4% increase in expenditures don't come close to explaining the 23-24 budgetary ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... households looking to install batteries, solar systems and energy-efficient appliances, while also providing $310 million worth of tax relief for small businesses willing to do the same. Businesses writing off assets: The small business instant-asset ...