tax

Policy & Regulation

State insurance taxes an inefficient mess

The Financial Services Council wants the States to live up to their original GST obligations by removing inefficient taxes, particularly those applying to life insurance....

Policy & Regulation

Turnbull slashes red tape with tax overhaul

New legislation introduced by the Turnbull Government yesterday has targeted the removal of a competitive tax advantage for overseas firms amid a push for a modernisation...

Features

Laying down the law – legislation in limbo: SMSFs

Malavika Santhebennur looks at what legislative changes the SMSF sector can expect in 2016 and what remains in limbo in part two of this feature on SMSFs....

Superannuation

Super tax changes need holistic approach

Rather than isolating specific tax levers when considering super tax changes, the Government needs to do it in a holistic manner, ASFA believes....

Policy & Regulation

Govt tackles company tax avoidance

The Federal Government signed a multilateral agreement in Paris to tackle tax avoidance by multinational companies around the world. ...

Policy & Regulation

FSC calls for 22pc company tax

The FSC proposed a 22 per cent company tax rate in its tax reform package to boost Australia’s competitiveness while lower tax rates would be paid for by a higher GST....

Accounting

Accountants ruled to be liable for payroll tax penalties

An accountancy group has been found to be liable for more than $200,000 in payroll tax, penalties and interest, after a tribunal ruled it had failed to pay payroll tax co...

Policy & Regulation

Contraventions of super laws see disqualified tax agent’s registration rejected

An Administrative Appeal Tribunal has rejected a former tax agent’s case against the Tax Practitioners’ Board for not renewing her registration....

Funds management

Broaden CIVs and simplify tax treatment: FSC

The Government must broaden collective investment vehicles and simplify its tax treatment if Australia is to become a financial services exporter. ...

Policy & Regulation

ATO ready for ‘digital by default’ initiative

The ATO has announced its intention to take a broader digital approach to its services....

Funds management

British expats urged to take long-term view on buy-to-let properties

Increased stamp duty on UK rental properties should be seen in the context of the asset being a long-term investment for expat investors....

Financial planning

Treasurer thrusts super concessions firmly into tax debate

The Federal Treasurer, Scott Morrison, has placed personal tax rates and super tax concessions squarely on the table for discussion in remodelling tax structures....

Life/Risk

Replace inefficient insurance taxes: ICA

If state and territory governments replaced inefficient stamp duties on insurance policies, the national economy could be boosted by $575 million, says the ICA....

Policy & Regulation

Tax myths busted by new report

Negative gearing and the cost of super tax concessions have been unfairly cast as villains in the tax debate, according to Deloitte. ...

Policy & Regulation

New taskforce targeting international tax evasion

Australians are being warned to think twice before attempting to evade their tax liabilities following the announcement of a new taskforce targeting international tax eva...