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Showing 1 - 10 of 20 results for "Services Tax"

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000. The growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came in above expectations and well above ...

Recovery set to slow: OECD

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... vulnerable to an ageing population," the OECD said. It said the government should consider increasing the Goods and Services Tax (GST) rate or broaden the base to offset regressive effects through personal income tax cuts, reducing private pension tax ...

Another sentenced in ATO fraud

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... (AFP) and assisted by the Australian Taxation Office (ATO). It involved pay-as-you-go withholding tax and goods and services tax fraud. Anquetil was one of the founders of the payroll services company, Plutus Payroll, and one of the architects of the ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... revealed a group of people that used payroll services companies to divert pay-as-you-go withholding tax and goods and services tax owed to the ATO. It was soon discovered one of the leaders of the syndicate was the son of former deputy tax commissioner ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... break from the 10% tax would help fight the COVID-19 recession. It comes as PwC proposes an increase to the goods and services tax to 12.5%, which it says will help address the fiscal issues and structural challenges facing the nation over the coming ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... recorded in June 2000, as consumers brought forward purchases ahead of the 1 July 2000 introduction of the goods and services tax (GST). This initial estimate is subject to revision and the final one will be published on 6 May 2020. But having said that ...

EY appoints wealth, asset management leader

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... currently a partner at EY, will step into the role. She succeeds Antoinette Elias, who is moving into the role financial services tax leader for EY Oceania. Da Silva has over 30 years' experience and has provided assurance, compliance and advisory services ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... indirect taxes make up just 24% of total Government receipts, including the $66 billion raised through the Goods and Services Tax. In comparison, it's worth reminding ourselves that opportunistic initiatives such as the bank levy raised only $1.6 ...

FinTech Australia appoints interim chief executive

DARREN SNYDER  |  MONDAY, 12 MAR 2018
... Commission (ASIC) regulatory sandbox; Bringing equity crowdfunding to Australia; Removing the double-taxing of goods and services tax for digital currencies, and bringing digital currency exchanges under Australia's anti-money laundering regime; Reducing ...

India's upside risks

BENJAMIN ONG  |  TUESDAY, 10 OCT 2017
... Reserve Bank of India (RBI) did the same in August this year in order to cushion any adverse impact of the goods and services tax implemented on 1 July. Both central banks appear to have gotten the upper hand. The Indian central bank kept interest rates ...
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