ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...
READ MORE’Epic’ loss of franking credits in tax plan
Institutional investors and superannuation funds face franking credit losses of "epic proportions" unless the government deals with the adverse effect of the interplay between a lower corporate tax rate and dividend imputation, experts warn.
The problem arises because under the Enterprise Tax Plan, tax is payable on a company’s current-year turnover, whereas franking is based on the past year’s turnover.
Read the full article on the Australian Financial Review.
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EV tax cut will be made retrospective, says minister
Climate Change and Energy Minister, Chris Bowen, said when Parliament sits again at the end of July he is confident the...
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A record-breaking month for retail as inflationary pressures mount
Australian retail sales have set a new record for the third straight month with $34.2 billion spent in stores and...
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