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Taxing time for Pauline Hanson as she weighs up $144b income tax cut

Taxing time for Pauline Hanson as she weighs up $144b income tax cut

by Shared by Australian Financial Review | Jun 18, 2018 | News

The government is tantalisingly close to securing the numbers to get the three stages of its $144 billion income tax cut package passed in full – including cuts for high-income earners – needing just one more crossbencher’s support.Read the full article at the...
ATO cracks down on partnership income splitting used by lawyers, accountants

ATO cracks down on partnership income splitting used by lawyers, accountants

by Shared by Australian Financial Review | Jun 11, 2018 | News

Tax officials released a list of concerns they have over the way some firms are using service trusts, a technique used by partnerships to split the profit from the main operation into parts and to protect assets, after withdrawing the old rules for allocating profits...
Poor bear brunt of Scott Morrison’s tax cuts plan – Grattan Institute

Poor bear brunt of Scott Morrison’s tax cuts plan – Grattan Institute

by Shared by Australian Financial Review | Jun 7, 2018 | News

Mr Morrison oversold the plan as “protection” against “bracket creep”, but it returns only $20 billion of the $52 billion personal income tax slug from bracket creep over the next decade, creating risks for the government, Ms Wood writes in The...
Moore Stephens offers accounting advice as a subscription

Moore Stephens offers accounting advice as a subscription

by Shared by Australian Financial Review | Jun 6, 2018 | News

The Accounting Network, which had its soft launch last year and has 15 pilot clients, is aimed at small and medium-sized enterprises that need help ensuring they adhere to new and existing accounting standards when preparing financial reports.Read the full article at...
Comyn shows ruthless efficiency as he cleans up AUSTRAC mess

Comyn shows ruthless efficiency as he cleans up AUSTRAC mess

by Shared by Australian Financial Review | Jun 5, 2018 | News

What about the argument that the $702.5 million penalty the bank has agreed to pay – money that would either have gone as dividends to shareholders or to shore up the bank’s capital buffer – is too high a price to pay to settle the civil proceedings that AUSTRAC...
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