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Showing 1 - 10 of 126 results for "Tax reform"

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... the many unintended consequences of taxing unrealised capital gains and the dangerous precedent this sets for future tax reform." Neo Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... nations. In addition, the cost of office rents is a rising challenge (60th). "CEDA has long been calling for broad-based tax reform, and this report makes the need even more clear, given our consistently high levels of company and personal income taxes ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
The SMSF Association is urging the wealth management sector to embrace learning opportunities at this year's National Conference, particularly as major reforms such as the $3 million superannuation tax changes loom. The SMSFA will host its flagship ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... centres is not an accident. This has been achieved through a deliberate focus by these jurisdictions on regulatory and tax reform that support the global attractiveness and competitiveness of their funds management sectors." The CCIV was established ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... "meaningful" change to superannuation tax breaks, and changes to multinational taxes are the priorities when it comes to tax reform. "But also showing spending restraint in the budget, particularly when it comes to these revenue upgrades from higher ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... lower-income earners and women, can enjoy a better and financially-secure life in retirement." Further, Mercer's Super tax reform leading to fairer outcomes report highlighted three key benefits of its proposals. The proposals will close the gender gap ...

Downside risk dominates Australia's economic outlook: IMF

ANDREW MCKEAN  |  THURSDAY, 2 FEB 2023
The International Monetary Fund (IMF) has warned Australia's economy is on a narrow path to a soft landing, with downside risks. An IMF report said downside risks to the economic outlook dominate, with uncertainty regarding global growth, commodity ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
An Organisation for Economic Co-operation and Development (OECD) report indicates that Australia's lack of capital gains tax has led to a monumental increase in house prices that have unfairly affected the less wealthy. The report states that between ...

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... income tax offset for the 2022-23 financial year. The government has made its intention to push ahead with its broader tax reform agenda from 2024 clear though. "Under the cuts, the 37% tax bracket will be abolished, the top 45% bracket will start from ...
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