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Showing 931 - 940 of 6839 results for "Tax"

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... According to the report, this "inequality on steroids" is due to stagnating wages, insecure work, soaring profits and an unfair tax system. "From the 1950s to the 1980s, Australia was considered the land of the fair go and we saw people benefiting more ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... reinvesting profits and the raising of capital to pay dividends is merely prudent cash flow management and nothing to do with tax avoidance or the manipulation of the franking system," he said. "Disallowing franking in these situations would expose the ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... the budget are two key superannuation measures aimed at increasing revenues. The first is to better target superannuation tax concessions, saving over $11.5 billion each year once fully implemented. Tax breaks on super currently cost about $45 billion ...

Drawdown reforms boosts post-retirement phase

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... savings in retirement. This will enhance the long-term sustainability of the superannuation system and take pressure off future tax settings, he said.

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
The federal government has released the outcomes of its review into the Your Future, Your Super laws, flagging among many findings, that it will "fine-tune" the performance test and extend the performance period to 10 years. Starting with the highly ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... how the government can save up to $13.5 billion annually if superannuation was not geared towards giving high-income earners tax windfalls. The newly released report, Super savings: Practical policies for fairer superannuation and a stronger budget ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
According to new data, 80% of Australians agree that super is for providing financial security in retirement and support law changes that will deter early release. As the government's consultation on legislating super objectives closes, Industry ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... a leading investment multi-manager in Australia". The transfer of both businesses was expected to be a $225 million after-tax gain for Westpac. BT is busy consolidating its remaining superannuation offerings, including shutting down the Retirement Wrap ...

AMP flags first strike on remuneration

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... buyback was recently finalised. "[We] have determined that returning capital through an on-market share buyback is the most tax effective method for shareholders. However, on-market share buybacks, by their nature, take time. Because the buyback reduces ...