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Banking royal commission exposes a litany of Bank of Queensland loan errors

Banking royal commission exposes a litany of Bank of Queensland loan errors

by Shared by Australian Financial Review | May 25, 2018 | News

The banking royal commission forced the head of performance and governance at Bank of Queensland, Douglas Snell, to admit to a litany of failures in the treatment of Suzanne Riches, a primary school teacher who bought two Wendys franchises in suburban Adelaide with...
Both tax plans hit the rich, says Deloitte

Both tax plans hit the rich, says Deloitte

by Shared by Australian Financial Review | May 21, 2018 | News

Under Labor that effect will be stronger still, as it plans to hike the top marginal tax rate to 47 per cent.Read the full article at the Australian Financial Review.
Australian Tax Office overhauls fraud and evasion procedures

Australian Tax Office overhauls fraud and evasion procedures

by Shared by Australian Financial Review | May 17, 2018 | News

In a new official guidance set to be published on Thursday, the ATO will require any finding of tax fraud or tax evasion to be considered by senior ATO officers and a separate national fraud or evasion advisory panel, made up of experienced and specialist staff.Read...
Burdensome, complex and inefficient: Tax offsets rile experts

Burdensome, complex and inefficient: Tax offsets rile experts

by Shared by Australian Financial Review | May 15, 2018 | News

A week after riling the Coalition with criticism of the Turnbull government’s debt strategy, Mr Costello told a Centre for Independent Studies event on Monday the newly created offset for low and middle-income earners could provide a disincentive to work and was...
Budget crackdown on income splitting by lawyers, accountants

Budget crackdown on income splitting by lawyers, accountants

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

The Tax Office will no longer allow partners to access the small business capital gains tax concession for any capital gain made on assigning an income stream to another person.Read the full article at the Australian Financial Review.
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