Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 320 results for "Taxpayers"

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... Australians removing their super without meeting the requirements. "The consequences of these administrative failures for taxpayers are dire," he said. "Fines of up to $12,600 for false declarations and withdrawals, tax liabilities on fund withdrawals ...

IFM pledges to kickstart COVID-19 recovery

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... projects are delivered in a cost and time efficient manner in a way that benefits the community. "This model is a win for taxpayers and it's a win for working Australians: it will help grow their superannuation returns, while delivering them the public ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... ongoing commitment from all involved. "Tax fraud takes money away from essential community services and leaves everyday taxpayers to pick up the bill. It's not a victimless crime - it impacts every single Australian who wants to do the right thing," ...

ATO extends WFH deductions

ALLY SELBY  |  MONDAY, 13 JUL 2020
... they worked at home due to COVID-19, with the ATO extending the simplified tax deduction method until September 30. Taxpayers will only be required to keep a record of the hours they worked from home from March 1 until the end of September to claim the ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support taxpayers and the community through this tax time. "We know many of our clients and their agents will have questions about how different ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... of COVID-19 as an excuse for the bailout is "beyond galling". "Even by this state's low standards, asking federal taxpayers from California to North Carolina, from North Dakota to Texas - farmers, small business owners, teachers, nurses, bus drivers ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... there is nothing more that the ATO can do." Sukkar said he was saddened that, in the current environment, the ATO and taxpayers are under attack, along with taxpayers personal information. "It is under constant attack. It is literally under constant ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... Superannuation funds are one of large and important pools of capital in our economy, along with the government (Australian taxpayers) and the banks. "There is no doubt that superannuation funds will and should play an important role in the economic recovery ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... the ATO is still confident that its compliance strategies are tackling the bad behaviour it has seen from higher-risk taxpayers and their agents. "From 1 July 2020 we will be expanding the work of the Tax Avoidance Taskforce and as part of this we are ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... "Either workers have lower living standards while working; or governments give up more revenue for super tax breaks; or taxpayers pay more for pensions," Grattan said. The institute said the inability of successive governments to specify adequacy targets ...