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Best For Working Women

The Nordic countries stay top of the female empowerment table for 27 OECD labour markets, according to PwC’s Women In Work Index. The PwC Women in Work Index shows that Australia was ranked in 8th position out of a sample of 27 OECD countries in 2011 (see table below).  This is based on a weighted average of five key indicators of female economic [...]

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The Most Expensive Cities To Live In

Despite Japanese deflation, a weaker yen and rising prices throughout the world, Tokyo has resumed its position as the world’s most expensive city, according to the latest Worldwide Cost of Living Survey from the Economist Intelligence Unit. Tokyo took over from the Swiss city of Zurich, which dropped to seventh.  Australian cities were among the biggest movers in [...]

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Superannuation reforms announced by the government

Last week the Treasurer, Mr Wayne Swan, announced the government’s proposed reforms to superannuation ahead of the 2013 Federal Budget.  These reforms have the potential to adversely affect your retirement earnings. Increased tax on earnings  Superannuation funds (with members being paid a pension or annuity stream) would pay tax of 15% on the earnings greater [...]

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TFN application service available now with Australia Post

  People can now apply for their Tax File Number (TFN) online and authenticate their proof of identity documents at participating Australia Post retail outlets. Australian residents aged 16 years and older can apply for a TFN at www.ato.gov.au/TFNapply and lodge their application form at a participating Australia Post retail outlet. “With over 709,000 TFNs [...]

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World's richest man in 2013

The Richest People On The Planet 2013

The ranks of the world’s billionaires, as monitored and tallied by Forbes global wealth team, have yet again reached all-time highs. The 2013 Forbes Billionaires list now boasts 1,426 names, with an aggregate net worth of $5.4 trillion, up from $4.6 trillion.  Forbes found 210 new ten-figure fortunes. Once again the U.S. leads the list [...]

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Global Businesses To Put More Eggs In Asia Pacific Baskets

(Source: Accounting & Business International 02/2013) With growth in Asia Pacific continuing to impress, global multinational corporations are shifting their investment budgets towards the region, according to the latest Asia Business Outlook Survey by The Economist Corporate Network. China and India remain the top two regional destinations for investments, with Indonesia a close third, Malaysia [...]

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ACCC Carbon Price Claims Hotline

  The Australian Competition and Consumer Commission has launched its new ACCC Carbon Price Claims Hotline. ACCC Chairman Rod Sims – “The ACCC is concerned that consumers may be duped into accepting a price increase for a product or service because of the carbon price, when the carbon price is actually not the cause.  Through [...]

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Australia Fifth In Economic Freedom

Australia is behind New Zealand in the latest economic freedom table published by Canadian think tank the Fraser Institute. The key ingredients of economic freedom are; personal choice; voluntary exchange co-ordinated by markets; freedom to enter and compete in markets; and protection of persons and their property from aggression by others. Hong Kong, Singapore, New Zealand and Switzerland are [...]

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No Escape For Tax Cheats

Source: ATO, 06 Sept, 2012 According to the Australian Tax Office, two thousand individuals and companies were successfully prosecuted for fraud, tax and superannuation offences in the 2011-12 financial year. “Tax cheats are trying to get an unfair advantage, adding to the burden on the majority of people who do the right thing and meet [...]

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Identity Theft & Protecting your Tax File Number

Identity crime happens when someone uses a manipulated, stolen or assumed identity to commit fraud or other crimes. It can involve creating a new, false identity, or using stolen information to impersonate someone else. This identity can be used to: avoid paying tax, child support or Higher Education Loan repayments apply for a government benefit live here [...]

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