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Tax experts blast super changes

August 10, 2017

Tax experts blast super changes Pia Akerman, The Australian, 8 August 2017 Tax lawyers, accountants and fin­ancial planners have attacked the government’s changes to superannuation regulations, declaring it a “shemozzle” with widespread confusion about details affecting thousands of people. Under changes that came into effect on July 1, a $1.6 million transfer cap has been

Company tax cuts aren’t the only growth tool in the box

August 10, 2017

Company tax cuts aren't the only growth tool in the box Janine Dixon and Jason Nassios, The Australian Financial Review, 6 August 2017 With the company tax cut debate back on the agenda, the battle lines are drawn and the usual suspects have taken up their positions for and against. Critics have been quick to point

Trusts tax will cause economic damage in the name of equality

August 10, 2017

Trusts tax will cause economic damage in the name of equality Judith Sloan, The Australian, 5 August 2017 First it was fairness, now it’s inequality. Bill Shorten and his Labor colleagues clearly reckon they have stumbled on a winning organising theme to regain office at the next federal election. That so many of their

Not-for-profit journalism push could help Australian media changes over the line

August 10, 2017

Not-for-profit journalism push could help Australian media changes over the line Amy Remeikis Lucy Battersby, The Sydney Morning Herald, 3 August 2017 The creation of a new category of not-for-profit journalism in Australia could be enough to convince crossbenchers to pass the government's changes to media laws. The idea of giving public interest journalism the same

Labor’s trusts tax hike ‘risks economy’

August 10, 2017

Labor’s trusts tax hike ‘risks economy’ Adam Creighton and Joe Kelly, The Australian, August 3 2017. The architect of the Howard government’s 1999 business tax review, John Ralph, has warned that Labor’s plan to lift taxation on trusts looks like a revenue grab that risks harming Australia’s competitiveness and fuelling more sophisticated forms of tax avoidance. The

Experts split over Shorten’s ‘impede growth’ claim

August 10, 2017

Experts split over Shorten's 'impede growth' claim Joanna Mather, The Australian Financial Review, 2 August 2017 Experts agree Australians will pay more income tax and shoulder increased debt to fund company tax cuts but are divided over whether this will stunt growth, as Labor Leader Bill Shorten has claimed. Mr Shorten earlier this week characterised

Skewering expats – you’ll lose the capital gains tax exemption on your home

August 10, 2017

Skewering expats – you'll lose the capital gains tax exemption on your home Michael Pascoe, The Sydney Morning Herald, August 2 2017 Expatriates, including temporary expatriates, are set to become collateral damage from the government's nationalistic "Australian homes for Australians first" policy. Sell your family home while living overseas, and you could lose the owner-occupier capital

Company tax rate confusion creates chaos

August 10, 2017

Company tax rate confusion creates chaos Joanna Mather, The Australian Financial Review, 1 August 2017 Tax time has been plunged into chaos by uncertainty over which companies are eligible for the lower tax rate of 27.5 per cent but the nation's biggest accounting bodies are split over what should be done. Chartered Accountants Australia and New Zealand

Labor rightly puts trusts under spotlight but should go further

August 10, 2017

Labor rightly puts trusts under spotlight but should go further Royce Millar, The Sydney Morning Herald, 1 August 2017 The best and most remarkable thing about Bill Shorten's weekend announcement of a 30 per cent tax floor on discretionary trusts is that it puts trusts back on the political agenda where they belong. Trust reform

A question of trust in greater opportunity

August 10, 2017

A question of trust in greater opportunity Daniel Wild, The Sydney Morning Herald, 1 August 2017 The Labor Party is proposing another attack on wealth-creating businesses with its planned tax hike on discretionary trusts. It remains unclear how substantial the tax hit will be. Labor is claiming the crackdown will confiscate $1.7 billion from 135,000