If you have been reading this blog (poor you) you will have noticed I am pretty sure the Australian public finances are pretty sad and need fixing (and if you don’t please don’t say “we have a triple A rating” as all this means we are likely to pay back our 20 year bonds issued […]
Month: April 2014
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Shanghai divorces
While working in Shanghai I discovered that the tax system is responsible for 30% of divorces in the city. When the government announced a 20% tax rate on profits from the sale of residential property, they had an exemption that each person or couple could exempt on property as it was their residence. As soon […]
Its time to relearn your super rules… From 2014/15 the concessional contribution cap will increased for the first time to $30,000. So remember that in the 2014/15 year there will be a $35,000 cap for those aged 49 years or over on 30 June 2014, and a $30,000 cap for everyone else. As a result the non-concessional […]
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Project DO IT – Marketing at its best
The Commissioner’s marketing genius’ has put their heads together to come up with the best way to close down overseas tax havens – with a catchy slogan! In “Project Do IT”, or Project disclose offshore income today, the Commissioner is providing a “last chance opportunity” for those who have not declared their overseas assets and […]
