Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREThe ‘never never’ flatter tax rates could incentivise work
The Morrison government’s plan to flatten the tax brackets would incentivise people to work for a higher pay and reduce bracket creep, but with the start date in 2024, experts fear it may become a case of the “never never”.
From 2024–25, the government has proposed just three marginal tax rates above the tax-free threshold: 19 per cent for those earning between $18,201 and $45,000; 30 per cent for incomes up to $200,000; and 45 per cent as the highest rate for incomes above $200,001.
Read more at Accountants Daily.
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NZ launches own version of STP, impacting Aussie firms
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