Tag: Australia

The lowest paid workers will lose out under the Henry Review superannuation changes, with employers forced to cut wages to pay the increased superannuation rate.

The Federal Government should bite the bullet on one of the key recommendations in the Henry Review and allow pre-filled income tax returns for most Australians, the Taxation Institute said today.

Small business is expected to cop a $26.6 billion increase in costs as a result of the Henry Tax Review due to increases in the compulsory superannuation rate.

The Henry Tax Review changes will address the ‘two speed economy’ with mining increasingly leaving behind small business and NSW and Victoria being met with an ‘unfair’ interest rate burden.

The Federal Government is being called on to provide a guarantee to Australia’s 1.9million business owners that their administrative burden will not increase as a result of the Henry Review.

The Federal Government’s policy prescriptions as a result of the Henry Tax Review show “No commitment to serious tax reform” concludes Tax Counsel for the Institute of Chartered Accountants, Yasser El-Ansary.

HTC and Telstra have released a fix to address the issues with the poor GPS reception users have been reporting with the HTC Desire mobile phones.

Manufacturing has recorded growth not seen since May 2002, with the sector bolstered by demand in the construction, mining and infrastructure sectors.

Big miners are the losers and small explorers are the winners from the Federal Government’s response to the Henry Taxation Review.

The Henry Tax Review’s ‘Super Profit Tax’ on mining has put up to $100 billion worth of projects in jeopardy the Queensland Resource Council (QRC) says.