In his latest memo to clients, Oaktree’s Howard Marks quotes the popular ‘beer’ example to explain the tax system, and we reproduce it here.
Tag Archives | tax system
Labor thinks disallowing excess franking will generate billions of dollars of additional revenues, but there is growing evidence that behaviour changes will severely limit the amount raised.
A survey of high net worth people – those who would be adversely affected by a tax on super earnings in pension phase – showed many were willing to accept such a policy, but not without a healthy level of qualification.
Regardless of age, there’s always something that can improve your preparation for retirement, especially given doubts about the sustainability of Australia’s tax and welfare systems.