Financial services' biggest tax bills revealed

Other institutions with significant tax bills include IC Markets ($144 million), UBS Australia ($51 million), Challenger ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million).


Advice associations join forces

The alliance will allow AIOFP members to join TSA's tax agent association, TAI Practitioners, which complies with the Tax Practitioners' Board requirements.


Global tax evasion costs US$427b per year

The only way to fund the long-term recovery is by making sure our tax authorities have the power and support they need to stop corporations and the mega rich from not paying their fair share.


Industry fund introduces tax incentive

To be eligible for the bonus, members must be an Intrust Super member for at least 12 months before transferring their savings to the pension account.


Offshore tax evaders raided

The customers of Euro Pacific are advised to create accounts using front companies in other tax havens, creating a web of arrangements that are difficult to trace.


ISA calls for super tax reform

ISA claims more than 1.2 million Australians would see a boost in their super savings by increasing the LISTO to cover workers earning up to $45,000.


Gov’t tax take seen to drop by 22% in 2020

Tax take from net incomes and profits, which accounts for the bulk of the BIR’s yearly collection, is seen dropping to P786.8 billion this year from P1.15 trillion in 2019.