In Australia, when you sell shares and other listed securities for a price higher than you paid, the profit or capital gain may be subject to a capital gains tax (CGT). CGT is common globally, but Australia’s implementation is considered one of the world’s most complex, and the nu...
Copper: Highly conductive and so widely used for electrical wiring, plumbing, and industrial machinery. Copper is mined worldwide, most notably inChina, Peru, and Chile. Iron Ore: One of the rawest forms of metal commodities. At present, Australia has the largest iron ore reserves with over...
To help, we’re going to break down what there is to know about inheritance tax in Australia. We’ll look at what inheritance tax is, the current Australian Taxation Office (ATO) rules on inheritance tax, and some specific situations like whether the Australian superannuation death benefit is ...
Just like property stamp duty, thecar stamp dutyis also imposed by state governments. It is calculated differently by each state or territory government, so the best way to get an accurate calculation is to use the relevant stamp duty calculator. Car stamp duty covers the cost of vehicle regi...
New technologies are emerging at a fast pace without being properly analyzed in terms of their social impact or adequately regulated by societies. One of the biggest potentially disruptive technologies for the future is the metaverse, or the new Internet, which is being developed by leading tech ...
What are the major taxes in Australia? Australian entrepreneurs will need to contend with several different sorts of tax. Company Tax There are two bands ofcompany tax: that which applies to base rate entities, set at 27.5%, and that which applies to everyone else, which is set at 30%....
A modelling framework for analysing the role of superannuation in Australia's financial system The proportion of employee wage income compulsorily allocated to superannuation is set to increase from 9.5% to 12% by July 2025. In this paper, we investigate the implications of an expanded superannuation...
The UK is the second largest spender on defence after the USA in the alliance, and agrees with President Trump that the non US partners need to make a larger contribution to their own defence than they have been doing. The UK has agreed to spend 2% of its GDP on defence, which means ...