Changes to the way taxes are withheld The tax-free threshold impacts the way taxes are withheld if you work as a sole trader in your second job or if you have 2 employers. How taxes are withheld by sole traders The tax-free threshold impacts the way taxes are withheld from your income ...
Legislation updates Federal Budget 2024-25 Federal Budget 2023-24 Superannuation Legislation 2024-25 Read about the latest announcements and the legislative changes that could affect your super. Australian Senate passes legislation to protect the purpose of super. Australia’s superannuation system was ...
Introduction to Special Issues on Australian Tax ReformA. C., Ken HenryAustralian Tax Review
If you’re abusiness in Australia, it’s generally always a good idea to get an ABN even if the business is small or part time. An ABN makes your business look more professional, allows you to access certain benefits, and simplifies your tax reporting. Businesses that want to register for...
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According to the document, ALP leader Bill Shorten's tax plan would raise 154 billion Australian dollars (108 billion U.S. dollars) over 10 years, 87 billion Australian dollars (61 billion U.S. dollars) of which will be spent paying down debt. ...
Notwithstanding rising input costs and wages and a subdued economic outlook, private sector investment intentions remained surprisingly robust. Capex intentions for 2023-24 were 8.5 per cent higher compared to the previous estimate for 2023-24 and over 10 per cent higher compared to the same reading...
Australia’s dividend yield, we first look at the sub-components of dividend yield. For any company, the dividend yield can be rewritten as a function of its earnings yield and its payout ratio. Fluctuations in dividend yield can then be explained by changes in either of these two ...
The digital transformation process for a range of government departments has also improved their communications to the public.The ATO now posts regular updatesabout important changes to the rules regarding taxation and superannuation via the MyGov site, which helps many Australians to keep a firm grasp...
, the US Chevron parent borrowed funds from US banks at a rate of 1.2 % and transferred those funds to its Australian subsidiary at a non-arm’s-length rate of 9 %, thereby facilitating greater tax deductions on loan fees and interest expenses in Australia (El Hamad et al., 2023). ...