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Labor commits $7bn in spending from tax proposals

Labor commits $7bn in spending from tax proposals

by Shared by Accountants Daily | Apr 29, 2019 | News

Opposition Leader Bill Shorten revealed on Sunday that, if elected into power, he would commit $4 billion to subsidise childcare, $2.4 billion in dental care for aged pensioners and $537 million to fund an increase in childcare workers’ wages. Read more at the...
ASBFEO calls on ATO to cease debt recovery action against small business

ASBFEO calls on ATO to cease debt recovery action against small business

by Maja Garaca Djurdjevic | Apr 28, 2019 | News

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has researched the issue of debt recovery action taken by the Australian Taxation Office (ATO) against small businesses while their application for review of a disputed matter was before the...
Banks on shaky ground hit by royal commission costs, flat revenues and demands for high dividends

Banks on shaky ground hit by royal commission costs, flat revenues and demands for high dividends

by Shared by the ABC | Apr 28, 2019 | News

Three of the so-called four pillars, NAB, ANZ and Westpac, will release first-half results in coming days — CBA marches to a different beat releasing its numbers in February. Read more at the ABC.
Superannuation policy divides voters in lead-up to election

Superannuation policy divides voters in lead-up to election

by Shared by SMSF Adviser | Apr 28, 2019 | News

A straw poll conducted by SMSF Adviser with a total of 963 respondents has shown that the majority of SMSF professionals in the poll think the Liberal Party will deliver better outcomes on superannuation policy. Read more at the SMSF Adviser.
Bowen’s franking credit figures pulled apart

Bowen’s franking credit figures pulled apart

by Shared by Accountants Daily | Apr 28, 2019 | News

Mr Bowen has gone on the record several times this year using the comparison of a nurse and a retired shareholder to highlight the inequitable scenario in a bid to sell its proposal to end cash refunds for excess dividend imputation credits. Read more at the...
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