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Showing 1 - 10 of 124 results for "Tax reform"

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 ...

Australian Investment Council chief executive steps down

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
The chief executive of the Australian Investment Council (AIC) has stepped down to take on a new role in the financial services industry. Yasser El-Ansary's new role is yet to be revealed, but AIC confirmed El-Ansary is departing after eight years as ...

Recovery set to slow: OECD

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... strategy should be framed in the context of future budgetary pressures and monitored by an independent fiscal institution. Tax reform will be necessary to reduce Australia's reliance on taxing personal incomes, which leaves public finances vulnerable ...
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