tax
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What’s the Deal With Tax Changes to Australia’s Biggest Super Balances?
The tax rate on earnings from superannuation balances above $3 million will double to 30% from 2025-26. The pre-budget decision – approved by the government’s expenditure review committee on Monday and ticked by the cabinet on Tuesday morning – cuts off what was becoming a potentially damaging debate for the government. The timing of its…
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10 Things You Should Spend Your Tax Refund Money On, According to an Accountant
With tax refunds rolling in accountant Mark Chapman gives us his advice on the best ways to spend your newfound cash.
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Do Australians Pay Too Much Income Tax?
Australians pay too much income tax – or so some argue. The Australian Financial Review’s economics editor, John Kehoe, for example, has noted: Australians are paying more personal income tax as a share of government revenue than any other advanced economy, except for the high-taxing Scandinavian welfare state of Denmark. And the day after the…
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How Not to Mess Up Your Tax Return This Year
To help get you effectively sorted for tax time this year, we’ve pulled together a guide that will cover all your burning questions.