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Showing 81 - 90 of 156 results for "Tax System"

Parliament tables new tax laws for investment trusts

LAURA MILLAN  |  MONDAY, 7 DEC 2015
The Government tabled the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 in Parliament on the last day of the sitting season. If approved, the proposed rules will apply from 1 July 2016 and will reduce complexity, increase ...

ACCI supports closing tax breaks on high balances

MARK SMITH  |  MONDAY, 30 NOV 2015
The Australian Chamber of Commerce and Industry (ACCI) has said there is "sense" in closing tax relief for people with very high superannuation balances. In a statement the pro-business body said a balanced package of reforms to Australia's superannuation ...

Treasurer commits to improve after-fee super returns

DARREN SNYDER  |  FRIDAY, 27 NOV 2015
... reforms: adequate retirement incomes; stability and certainty in the retirement phase; flexibility; and an efficient tax system and economy," Morrison said. He said while superannuation should ensure adequate retirement incomes, it should not be seen ...

Deloitte super plan could save budget $6bn

DARREN SNYDER  |  MONDAY, 26 OCT 2015
Financial advisory firm Deloitte suggests a better superannuation tax system would be to update proposals from the Henry Review, as it would not add taxes to either earnings or benefits. Labeled a "circuit breaker" the updated plan would see every Australian ...

Turnbull backs financial start-ups

DARREN SNYDER  |  THURSDAY, 8 OCT 2015
... support from the rest of the economy, the rest of the private sector as well." The Prime Minister said Australia's tax system is the biggest set of levers the federal government has to incentivise business. "So we're looking at all of those features ...

Tax conversation in a bubble

DARREN SNYDER  |  THURSDAY, 8 OCT 2015
... 2013-14, [and] projected to rise at a staggering 12% annually to $50.7 billion in 2016-17," Chapman said. "Simply put, our tax system doesn't bring in enough revenue to pay for all of the services the government provides and with expenditure on areas ...

Seniors weigh in on national tax discussion

DARREN SNYDER  |  FRIDAY, 2 OCT 2015
... and should be introduced in tandem with measures to enhance efficiency. "To re-strengthen the progressivity of the tax system and make the subsidisation of savings more transparent, the tax rates and thresholds for mandatory superannuation contributions ...

Aussie pension policy needs careful adjustment: IMF

DARREN SNYDER  |  THURSDAY, 1 OCT 2015
... superannuation system disproportionately benefits higher-income earners and "undermines the progressivity of the income tax system." The IMF's latest economic assessment of Australia says low income earners lose out where subsidies are insufficient to ...

Turnbull expected to dust off shelved policies

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
... passed by Parliament into law. "This is likely to include getting the budget back under control, reforming Australia's tax system, reducing bureaucracy. The commitment to free market economic policies, including free trade deals, is likely to remain." ...

Raising Preservation Age could be problematic

DARREN SNYDER  |  WEDNESDAY, 8 JUL 2015
... benefits to their retirement savings by working up to the age of 65. FSC chief executive, Sally Loane, said Australia's tax system will not be able to support future generations if they continue to retire at 60. The Productivity Commission's research ...