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On Tuesday 12 March Bill Shorten, leader of the opposition, announced some major changes to the tax system that the ALP will take to the next federal election, which is currently scheduled for 2019.  The major change announced by Mr Shorten regarded imputation credits. The whole purpose of the imputation system is to (fairly, inRead more

Industry super versus  financial adviser. Oooooh we just said a swear word – “financial adviser”.  There is a stigma that surrounds the financial planning industry, stemming from the industry super funds and a very successful marketing campaign that has run on TV. People will tell you that they don’t want or need a financial adviser.Read more

Something happened recently that made me realise that even the most sensible of people can be beguiled by the promise of big returns. A smart businessman, recently retired, told me excitedly that he was about to embark on an options trading strategy. Now while I am in awe of this person’s business acumen and withRead more

Australia has recently signed a joint declaration with Switzerland to increase cooperation between the two countries to build closer ties and tackle tax evasion. The declaration is another step towards greater tax transparency and supports the ATO’s push for all jurisdictions to receive the right amount of tax. Under the declaration, Australia and Switzerland haveRead more