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Only about 2.5 million individuals directly use the Australian
Taxation Office's online e-tax facility, while a further 9 million now
file online via tax agents, which means forking out for the extra
compliance costs. A mere half a million use the old paper method.
Commissioner of Taxation Michael D'Ascenzo well recalls the initial hue
and cry about "big brother watching" when the returns went online in
2007. Regardless of delivery mode, research shows most Australians
"don't mind" filing an annual tax return, he says. Mainly because about
80% of the nation's personal taxpayers get a refund.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12