Tag: pension fund

Think Tank Call for Super Tax Breaks to Be Whittled Away

April 3, 2023
AustraliaBusiness & MarketsinflationInternationalpension fundpersonal financeSuperannuationWorld
0 Comment

The Australian government must make radical changes to superannuation to deal with future budget shortfalls in defence, aged care, and the National Disability Insurance Scheme. A move Prime Minister Anthony Albanese has refused to commit to. Grattan Institute Economic Policy Program Director Brendan Coates says superannuation tax breaks cost the federal budget $45 billion (US$29.9 billion) a…

Read More

Think Tank Calls for Super Tax Breaks to Be Whittled Away

April 3, 2023
AustraliaBusiness & MarketsinflationInternationalpension fundpersonal financeSuperannuationWorld
0 Comment

The Australian government must make radical changes to superannuation to deal with future budget shortfalls in defence, aged care, and the National Disability Insurance Scheme, a think tank has said. This is despite Prime Minister Anthony Albanese’s refusal to commit to anything of this nature. Grattan Institute Economic Policy Program Director Brendan Coates says superannuation tax…

Read More

Government Should Control Spending, Not Dip Into Our Retirement Nest Eggs

March 3, 2023
anthony albaneseAustraliaBusiness & Marketseconomic policiesInternationalJim ChalmersOpinionpension fundpersonal financeSuperannuationViewpointsWorld
0 Comment

Commentary The announcement by the federal government that it intends to change the tax structure on superannuation (pension funds) should be of concern to all Australians. Indeed, it should be concerning to all Australians as it is arguably retrospective. We are once again seeing a federal treasurer targeting a soft target (superannuation) in an attempt…

Read More

Backlash Forces New Zealand Government to Abandon Plan to Tax Pension Funds

August 31, 2022
Asia & PacificAustraliaBusiness & MarketsChristopher LuxoneconomyInternationalJacinda Ardernpension fundWorld
0 Comment

New Zealand government has shelved its proposal to impose the goods and services tax (GST) on KiwiSaver, New Zealand’s pension fund, less than 24 hours after it was put forward, following strong backlash from the public, the opposition party, and the fund sector. Introduced to parliament on Tuesday evening, the tax was intended to “even…

Read More

Big US Pension Fund Raised Stake in Tesla and This Automaker in Q1

May 3, 2022
Business & EconomyCompanieseconomyInvestmentMarketspension fundstakestocksteslaUSUS News
0 Comment

The State Teachers Retirement System of Ohio, or STRS Ohio, one of the largest U.S. public pensions fund, raised its exposure to Tesla Inc. and Ford Motor Co. in the first quarter while trimming its stake in General Motors Co., latest regulatory filings show. Raising Tesla Exposure STRS Ohio raised its stake in the Elon Musk-led Tesla by about 10 percent in the three months ended March…

Read More