Not indexing the $3 million super tax threatens to undermine the foundations of Australia’s economic dynamism, new analysis has said.
The government should not proceed to enact Division 296 in its current form, the Tax Institute has said.
The Tax Institute is calling on the government to make crucial reforms to support a stronger and fairer tax and superannuation system.
A woman has been sentenced to 18 months behind bars for committing fraud against the government at the state and federal levels.
The proposed $3 million super tax is a “dangerous” policy for the government to pursue, teal MP Allegra Spender has said.
Recent email communications to small business owners contain misleading and inaccurate statements about the instant asset write-off measure, says a tax specialist.
The peak body for psychologists has revealed the NSW government’s approach to workers’ compensation reforms will diminish the psychological experiences of employees.
Treasurer Jim Chalmers has flagged that productivity will be a key focus in Labor’s next term of government as inflation challenges ease.
The incoming government will have to navigate economic challenges including a volatile global trade war and a structural budget deficit, economists have said.
Industry associations have raised concerns about certain design aspects of the new payday super regime and urged the government to defer the start date.
Following Labor’s election win, NAB has predicted that the public sector debt burden will continue to rise as the government’s role expands and global dynamics shift.
The Australian business community is pushing for immediate action and collaboration from the re-elected government to bolster productivity.
