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News
Chalmers’ CGT backflip could still hurt founders
2+ hour, 39+ min ago (49+ words) heraldsun.com.au Chalmers’ CGT backflip could still hurt founders The Albanese government has retreated on capital gains tax changes for start-ups, but tech founders warn the backflip adds bureaucracy and could still push young entrepreneurs overseas. All your news…...
Push grows for junior explorer CGT protection
40+ min ago (273+ words) Australian mining bodies are continuing to push for junior mineral explorers to be provided with appropriate protections from the Federal Government’s capital gains tax (CGT), consistent with the support already provided to other start-up sectors. The Minerals Council of Australia…...
NSW's Trust Tax Strategy Praised, Urged for Adoption
3+ day, 5+ hour ago (266+ words) "We welcome the constructive approach to trust taxation issues flagged by NSW Treasurer Daniel Mookhey, and urge the other states to work cooperatively to resolve a complex federalism problem," said Innes Willox, Chief Executive of the national employer association, Australian…...
No ‘windfall gain’ from trust tax changes: Mookhey
3+ day, 21+ hour ago (95+ words) AFR NSW Treasurer Daniel Mookhey says the state’s revenue office is examining whether trusts will be exempt from stamp duty after federal tax changes announced by federal Treasurer Jim Chalmers, but he reassured small businesses he is not looking to…...
Chalmers flags changing, extending super performance test
4+ day, 9+ hour ago (584+ words) Home > Superannuation > Chalmers flags changing, extending super performance test Managing Editor and Publisher The Federal Treasurer, Jim Chalmers has signalled the Government’s support for key changes to the superannuation performance test including a new asset class with a benchmark set…...
Minimum tax on trusts another masterclass in inept tax reform
4+ day, 22+ hour ago (788+ words) Matthew Burgess, director, View Legal In what has been the pattern with all legislation since the May announcements, the new rules: Subject to the detailed review the dense new provisions mandate, seven headline issues taxpayers and their advisers will need…...
Chalmers accused of hypocrisy over super scheme
4+ day, 9+ hour ago (98+ words) 7NEWS Chalmers accused of hypocrisy over super scheme Norway bids farewell to King Harald V Victoria becomes Australia's crime capital Boxing coach identified as man killed in Sydney’s latest suspected gangland attack Follow along as we bring you all of the…...
Trustees face legal risk in new tax regime
4+ day, 18+ hour ago (72+ words) AFR Trustees risk breaching their legal obligations to beneficiaries and will find it almost impossible to distribute income to current or unborn children under the federal government’s trust tax overhaul. Lawyers and accountants said that despite the Albanese government’s efforts…...
Chalmers says budget will be $15b better off in future due to super
5+ day, 13+ hour ago (118+ words) AFR Treasurer Jim Chalmers says the next federal election will be an existential moment for compulsory superannuation, as he reveals new figures showing the long-term budget cost of the age pension will be $15 billion a year less in today’s dollars…...
New trust tax exemption: A ‘family law dispute’ risk
6+ day, 12+ hour ago (514+ words) Tax experts have warned the federal government’s draft trust legislation risks locking farmers into decisions that could trigger intergenerational family disputes. Tax experts have warned the federal government’s draft tax legislation runs the risk of causing “intergenerational farming disputes” and…...