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MYSTERIOUS: 2 | Mind Blowing Facts

AAP Rolling News Bulletin June 19, 0430

AAP Rolling News Bulletin for June 19 at 0430

AAP

AAP Rolling News Bulletin June 19, 0400

AAP Rolling News Bulletin for June 19 at 0400

AAP

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

AAP

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FED:Tax carve-out backdown fails to cut it with businesses

Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.

AAP

Afternoon Update: CGT exemptions for small business; ebike thefts soar; and Australia’s top university named

PM’s announcement on capital gains tax exemptions follows weeks of criticism from industry groups

The Guardian - AU

Labor identifies businesses to be exempt from new tax

Strict criteria will be applied to small businesses to access a 50 per cent discount to the capital gains tax, the government says.

AAP

FED:New carve-outs revealed for startups after tax backlash

Innovative startups will have access to the existing 50 per cent capital gains discount and a proposed minimum tax on discretionary trusts will be axed.

AAP

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Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash

Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes

The Guardian - AU

FED:Labor unveils startup carve-outs to quell tax backlash

Innovative startups will be able to keep the 50 per cent capital gains tax discount but it remains unclear which firms will be eligible.

AAP

FED:Labor unveils startup carve-outs after tax backlash

Startups will be able to access a new business tax concession and more firms will have access to an existing carve-out from capital gains taxes.

AAP

Tax carve-out backdown fails to cut it with businesses

Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.

AAP

7 Medicare IRMAA Triggers That Can Raise Your Premiums Two Years Later

Many retirees assume their Medicare premiums will remain relatively stable from year to year. Then a surprise letter arrives showing higher Medicare Part B and...

Saving Advice

Capital gains tax: more people have to pay, so here’s what you need to know

The rules have changed and more taxpayers are being pulled into the net, not only the wealthy

The Guardian - UK

Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the details

Individuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandatory filing applies if you have capital losses to carry forward, trade in Futures & Options, or incur specific expenses like high credit card bills or foreign travel.

The Economic Times

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GOBankingRates

Jeff Bezos Used a ‘Billionaire Bunker’ as a Tax Shelter — 5 Ways You Can Create Your Own

Jeff Bezos didn't just trade rain for sunshine when he moved from Washington to a "Billionaire Bunker" in Florida. He lowered his tax liability by nearly $1 billion. Here's how you can too.

AAP

FED:Businesses unite to fight capital gains tax changes

Contentious tax measures will be put in the spotlight at a Senate inquiry as business groups argue the federal government is rushing them in.

AAP

Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

Kiplinger

Wealth Wise: You’ve Mastered Asset Allocation — Now It’s Time for Asset Location

In our retirement advice column, Wealth Wise, a 66-year-old retiree learns how strategically placing your stocks, bonds, and cash can save you thousands.

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Newcastle Herald

$2 pool entry across Newcastle is only fair to inland suburbs

Letters: 'The ocean baths have no entry fee and probably attracts even more outsiders as the inland pools.'

AAP

Viral death tax claims dead wrong

Social media users are in an uproar over claims the government is introducing a "death tax" on inherited assets, but experts say that's a mischaracterisation.

inkl

The Silicon Valley Liquidity Problem: Generating Income Without a Capital Gains Event

A little-known provision of the Internal Revenue Code — Section 721 — lets investors with concentrated stock positions contribute shares into a partnership structure without triggering capital gains

Kiplinger

New Bill Proposes $1 Million Capital Gains Tax Exclusion for Those Over Age 65

The latest capital gains tax relief proposal being floated on Capitol Hill would double the existing exclusion for eligible older homeowners.

AAP

FED:CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

AAP

CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

The Conversation

Tim Wilson’s book advocates a far more radical overhaul of our tax system than Labor’s budget

Shadow treasurer Tim Wilson has thrown himself into fighting the reduction of the capital gains tax discount in Labor’s budget, as well as the abolition of negative gearing on existing properties. But as treasurer Jim Chalmers recently pointed out in parliament, quoting from Wilson’s 2020 book The New Social Contract,…

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