Tag: Government

ALP Propose Franking Credit Changes

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Labour has announced plans to restrict certain existing tax exceptions for investors, if they were to win the coming elections. The party argues that the existing rebates and incentives – including those on capital gains, negative gearing, and franking credits – lead to tax avoidance. All of these proposed tax…

ATO Phone Scams

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Earlier this year, we reported on the Australian Tax Office’s (ATO) warning regarding malicious phone scams. In July, over 4,000 such calls had been reported. In November, this number sky rocketed to 27,000. With estimate losses reaching $830,000 in November alone, it’s clear the threat from the swindle has not subsided. The scam…

Are Australians able to Retire Comfortably?

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Earlier this month, the Grattan Institute released a detailed report hitting back at superannuation lobbyists who claim that many Australians will not retire with enough money. The belief that “Australians don’t save enough for retirement…encouraged by the financial services industry fear factory, is mistaken”, the report states. As a matter of fact, the Grattan…