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Showing 1 - 10 of 10 results for "Fringe Benefits"

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... $118,557, with KPMG saying this was because of the complexity of the tax matters. A further $78,266 was paid in fringe benefits tax. ASIC has stated that no advice was sought from the Remuneration Tribunal concerning the payment of additional benefits ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... measure is cutting red tape for businesses by allowing employers to use existing corporate records to complete their fringe benefits tax (FBT) return. Employers providing retraining activities will also be exempt from FBT. As indicated earlier this week ...

Terrible tax policies of the last 25 years

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... superannuation funds to people aged 60 and over - Howard/Costello, 2006 The decision to reverse the changes to the Fringe Benefits Tax on employer-provided motor vehicles - Abbott/Hockey, 2013 The introduction of the Senior Australians Tax Offset - Howard/Costello ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
... Hockey said the coalition would adopt Labor's recently announced savings, with the exception of the changes to the fringe benefits tax. "We don't like a number of them, but we have to do it to be prudent," he said. Mr Hockey said most of the savings ...

Market Wrap

AAP  |  THURSDAY, 25 JUL 2013
... Shakespeare was down 47.92 per cent, or $7.36, to $8 as the federal government pushes ahead with its proposed fringe benefits tax reforms. Macquarie Bank was also lower, dropping $1.21 to $44.41, despite the investment bank saying it expected profits ...

ATO sends warning to super fund trustees

MICHAEL HOBBS  |  MONDAY, 16 JUN 2008
... an excess contribution tax assessment." He said super fund trustees must consider any income, capital gains and fringe benefits tax implications when transferring assets. Graeme Colley, SuperConcepts superannuation strategy manager, said the number of ...

Attack tax with tact

ALEX DUNNIN  |  THURSDAY, 1 MAY 2008
... point is the last time the tax system had tree surgery like this under the Hawke-Keating government it lead to the Fringe Benefits Tax and a stepping up of the Capital Gains Tax. A later pruning exercise by the Howard-Costello government then brought ...

Green light over red tape

SUZY MAC  |  TUESDAY, 31 JUL 2007
... transport failures have prompted the country's most powerful mayors to lobby the Federal Government to introduce fringe benefits tax exemptions for public transport users, similar to the $1 billion a year in exemptions already given to car users. Citigroup ...

Daily economic round-up

PETER BELL  |  TUESDAY, 14 NOV 2006
... the eligibility to the Simplified Tax System(STS) and concessions with respect to the GST, capital gains tax, fringe benefits tax and the PAYG system.

Super supported but consumers confused

... definition of income used to calculate surcharge eligibility included superannuation contributions, reportable fringe benefits, some long service leave entitlements and termination payments. "Those with fluctuating incomes were also unfairly caught by ...
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