'Missed opportunity': tax findings land as talks go on Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry. AAP · Jun 18
FED:Tax carve-out backdown fails to cut it with businesses Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut. AAP · Jun 18
Afternoon Update: CGT exemptions for small business; ebike thefts soar; and Australia’s top university named PM’s announcement on capital gains tax exemptions follows weeks of criticism from industry groups The Guardian - AU · Jun 18
Labor identifies businesses to be exempt from new tax Strict criteria will be applied to small businesses to access a 50 per cent discount to the capital gains tax, the government says. AAP · Jun 18
FED:New carve-outs revealed for startups after tax backlash Innovative startups will have access to the existing 50 per cent capital gains discount and a proposed minimum tax on discretionary trusts will be axed. AAP · Jun 18
Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes The Guardian - AU · Jun 18
FED:Labor unveils startup carve-outs to quell tax backlash Innovative startups will be able to keep the 50 per cent capital gains tax discount but it remains unclear which firms will be eligible. AAP · Jun 18
FED:Labor unveils startup carve-outs after tax backlash Startups will be able to access a new business tax concession and more firms will have access to an existing carve-out from capital gains taxes. AAP · Jun 18
Tax carve-out backdown fails to cut it with businesses Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut. AAP · Jun 18
7 Medicare IRMAA Triggers That Can Raise Your Premiums Two Years Later Many retirees assume their Medicare premiums will remain relatively stable from year to year. Then a surprise letter arrives showing higher Medicare Part B and... Saving Advice · Jun 18
Capital gains tax: more people have to pay, so here’s what you need to know The rules have changed and more taxpayers are being pulled into the net, not only the wealthy The Guardian - UK · Jun 17
Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the details Individuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandatory filing applies if you have capital losses to carry forward, trade in Futures & Options, or incur specific expenses like high credit card bills or foreign travel. The Economic Times · Jun 16
GOBankingRates · Jun 15 Jeff Bezos Used a ‘Billionaire Bunker’ as a Tax Shelter — 5 Ways You Can Create Your Own Jeff Bezos didn't just trade rain for sunshine when he moved from Washington to a "Billionaire Bunker" in Florida. He lowered his tax liability by nearly $1 billion. Here's how you can too.
AAP · Jun 14 FED:Businesses unite to fight capital gains tax changes Contentious tax measures will be put in the spotlight at a Senate inquiry as business groups argue the federal government is rushing them in.
AAP · Jun 14 Better but 'not perfect' tax reform wins expert support Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.
Kiplinger · Jun 14 Wealth Wise: You’ve Mastered Asset Allocation — Now It’s Time for Asset Location In our retirement advice column, Wealth Wise, a 66-year-old retiree learns how strategically placing your stocks, bonds, and cash can save you thousands.
Newcastle Herald · Jun 12 $2 pool entry across Newcastle is only fair to inland suburbs Letters: 'The ocean baths have no entry fee and probably attracts even more outsiders as the inland pools.'
AAP · Jun 12 Viral death tax claims dead wrong Social media users are in an uproar over claims the government is introducing a "death tax" on inherited assets, but experts say that's a mischaracterisation.
inkl · Jun 12 The Silicon Valley Liquidity Problem: Generating Income Without a Capital Gains Event A little-known provision of the Internal Revenue Code — Section 721 — lets investors with concentrated stock positions contribute shares into a partnership structure without triggering capital gains
Kiplinger · Jun 11 New Bill Proposes $1 Million Capital Gains Tax Exclusion for Those Over Age 65 The latest capital gains tax relief proposal being floated on Capitol Hill would double the existing exclusion for eligible older homeowners.
AAP · Jun 11 FED:CGT share changes will ease home prices, treasurer says The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.
AAP · Jun 11 CGT share changes will ease home prices, treasurer says The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.
The Conversation · Jun 10 Tim Wilson’s book advocates a far more radical overhaul of our tax system than Labor’s budget Shadow treasurer Tim Wilson has thrown himself into fighting the reduction of the capital gains tax discount in Labor’s budget, as well as the abolition of negative gearing on existing properties. But as treasurer Jim Chalmers recently pointed out in parliament, quoting from Wilson’s 2020 book The New Social Contract,…