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Showing 1 - 10 of 53 results for "Personal Tax"

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... generous interpretation available," he said. "This is tax reform in name only. Higher taxes, no meaningful reduction in personal tax brackets, a company tax rate well above the OECD average, and new complexity for small businesses and family enterprises." ...

Div 296 requires fixing before finalisation: Industry

MATTHEW WAI  |  THURSDAY, 9 APR 2026
... "These are not marginal cases - they are real, foreseeable scenarios that undermine the integrity of the regime as a personal tax." Overall, Burgess said the discussion with Treasury was constructive, with a shared focus on ensuring the rules are workable ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... lowest income brackets, often reliant on government payments, saw a negative share of benefits due to their average personal tax rates being lower than the 15% concessional rate. Tax advantages for the wealthy were also evidenced in the concessional ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... is highly questionable. "The simple fact is farming properties can be held under myriad tax structures, so using personal tax return data to extrapolate the number of farming properties that which may be impacted by this proposed law is not valid," Burgess ...

I can only apologise: PwC boss

CASSANDRA BALDINI  |  THURSDAY, 12 OCT 2023
... the year, the profits of the partnership are distributed to those partners. And those profits are placed onto the personal tax returns of every single partner." Moving on, Burrowes said PwC recognises that there needs to be an appropriate mechanism to ...

Superhero board signs former ASIC boss

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
... from ASIC after it was found he had been significantly overpaid, including ASIC paying almost $120,000 to cover his personal tax advice. The former corporate watchdog boss was cleared of any wrongdoing but still ended his tenure (2018- 2021) two years ...

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... incomes between $45,000 and $200,000," director of tax communications at H&R Block Mark Chapman said. Away from the personal tax front, the budget also contains a number of new initiatives aimed at Australian businesses. For the 2022-23 financial year ...

EOFY tips for advisers

KARREN VERGARA  |  WEDNESDAY, 30 JUN 2021
... written off by June 30 and claim a tax deduction. Sole traders not using the services of a tax agent must submit a personal tax return by 31 October 2021. Those using a tax agent have until 15 May 2022. All other advisers that are non-sole traders and ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... for small businesses, H&R Block director of tax communication Mark Chapman has warned that we are unlikely to see personal tax cuts in the budget. "In fact, if things stay as they are, low and middle income earners face a tax rise because of the abolition ...

Chief economist update: More manna from UK Treasury

BENJAMIN ONG  |  FRIDAY, 5 MAR 2021
... "future changes to strengthen public finances" - read, tax rises - the biggest since 1993 - that includes freezing of personal tax allowances and lifting the corporate tax rate from 19% to 25% in 2023. "Because of the steps I am taking today, borrowing ...
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