The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O’Dwyer said the amendments under the Treasury Laws Amendment (2017 Measures No. 2) Bill will “improve the fairness, sustainability, and flexibility of the superannuation system.” The amendments ensure superannuation…
Boeing (ba) said on Tuesday it would restructure its defense, space and security (BDS) division into smaller units and cut about 50 executive positions, as the world’s largest plane maker seeks to make its business more responsive to customers. The business, which accounted for nearly a third of the company’s total revenue in 2016, will…
Written by Sandeep Singh | Updated: June 16, 2017 2:24 am M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India. Related News The Reserve Bank of India (RBI) on Tuesday listed out 12 non-performing asset (NPA) accounts, which account for nearly Rs 1.75 lakh crore of NPAs in the banking system, for…
As the focus on data analytics ramps up among the legal profession, one insolvency expert has highlighted that the need for professional scepticism is stronger than ever before. Professional scepticism is described as an independent state of mind that can form an opinion without being affected by factors that compromise judgement, according to Jirsch Sutherland…
By Jeff Manning & Mike Rogoway | The Oregonian/OregonLive Nike said Thursday morning it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company’s somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end of last year, so…
Social worker David Lynch shops for bargains near his home in New Hampshires White Mountains. Lynch doesnt think hell ever finish paying off his student loans. Credit: Jon Fox David Lynch, Bartlett, New Hampshire Social worker David Lynch recalls hearing a radio commercial a few years ago from a company that promised student loan forgiveness…
By Associated Press Published: 00:50 +10:00, 16 June 2017 | Updated: 00:51 +10:00, 16 June 2017 e-mail When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription. These tactics…
When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription. These tactics may help, but financial experts say paying off debt requires a more comprehensive plan. One common strategy…
Nike Inc. is cutting 2% of its global workforce as part of a broader restructuring designed to increase focus on key markets, the company announced Thursday. Continue Reading Below Nike said its new leadership structure, along with a renewed focus on product innovation, would help drive business in 12 cities that it says will compose…
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