By Stephen Johnson, Economics Reporter For Daily Mail Australia 01:04 21 Mar 2023, updated 01:07 21 Mar 2023  Former Treasury chief says tax system hurts young Ken Henry warned ‘social compact’ was fracturing  A former head of Treasury has slammed Australia’s tax system for being rigged against the young, arguing they are funding the lavish ...

SYDNEY, March 17 (Reuters) – Australia’s Productivity Commission called on the federal government on Friday to improve tax and migration systems, remove import tariffs and secure net-zero carbon emissions at the lowest cost to boost stalling economic productivity. The report titled “Advancing Prosperity” and produced once every five years, made 71 recommendations, while warning that ...

Rep. Tom Emmer is trying to narrow the definition of crypto broker once again. (Photo by Chip Somodevilla/Getty Images) Getty Images What Happened The Infrastructure Act passed by the U.S. Congress in 2021 defined cryptocurrency exchanges as brokers and subjected them to the burdensome tax reporting rules. The legal definition of a broker has been ...

Taxes affect investment returns. The good news is that guidance to invest in a tax-smart way is accessible to all types of investors. So as another tax season looms, it’s a good time for investors to assess their portfolios through a tax lens. One tax that can take investors by surprise is the capital-gains tax ...

Labor’s proposed crackdown on franking credits is a “broken promise” that will harm “older Australians” who are just looking to make ends meet, the shadow treasurer has declared. Prime Minister Anthony Albanese says Shadow Treasurer Angus Taylor “picked another argument with himself” during Question Time. Mr Angus asked Mr Albanese about how he misled the ...

PARIS, March 8 (Reuters) – The French government is looking at introducing tax incentives to spur investment in climate-friendly industrial projects as part of a planned green industry law, Finance Minister Bruno Le Maire said on Wednesday. Like many governments in Europe, Paris is concerned that its industrial sector could fall behind on green technologies ...

BERLIN, Feb 28 (Reuters) – The European Investment Bank could set up a new fund to counter subsidies offered by the U.S. Inflation Reduction Act, which pressure companies to move their production there, its president said in an interview published on Tuesday. Werner Hoyer told German news magazine Der Spiegel a fund set up to ...

EDITORS’ PICKComplimentary access to top ideas and insights — curated by our editors. The twin gorillas of the roughly $30 trillion U.S. retirement market are individual retirement accounts and 401(k)s. But millions of Americans lost extra money last year on one of those options. On average, investors with IRAs suffered proportionally larger decreases in their ...

JOHANNESBURG, Feb 15 (Reuters) – MTN Group (MTNJ.J) will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company’s bill for ...

DAVOS, Switzerland, Jan 17 (Reuters) – China welcomes foreign investment and will continue to open up to the world, its Vice-Premier Liu He said on Tuesday, in an explicit pitch to global leaders in Davos as Beijing works to revive its slowing economy. The visit by China’s economic tsar to the World Economic Forum’s (WEF) ...