In short: Experts say some parents do cash-in-hand work, salary sacrifice, set up business structures, and lodge late tax returns to avoid child support payments. Services Australia, which administers the scheme, referred 168,082 parents to the Australian Tax Office in 2022-23 for having overdue tax returns. What’s next?: The federal budget allocated $5 million for…
Chinese regulators gave approval to a debt-laden city in the country’s east to get funding support from banks, as they move to help more localities after making progress recently in bailouts. The banks were instructed earlier this month to provide additional help to local government financing vehicles in Weifang in Shandong province, according to people…
If you can’t fill out the online application, you can call our office on (02) 8898 6545 and we can help you. Who we can help People who are homeless or at risk of becoming homeless, which includes: People who sleep rough (eg on the street or in a car). People who live temporarily with…
A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use. Researchers found that lower-income residents of states with more generous benefits were significantly less likely than those living in less-generous states to take out new credit cards, personal finance…
(Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India’s market regulator intends to expand the scope of its sustainable finance framework to include more products, a potential boost to ESG-labeled instruments in Asia. The…
Aug 19, 2024 12:06 PM IST The incident took place in Zatewada on August 14, the Bhiwandi taluka police station official said. A 35-year-old man allegedly killed a 74-year-old woman in Maharashtra’s Thane district to steal her gold ornaments. After committing the crime, he set the house on fire to destroy evidence. The man is…
Billionaire banking executive Jamie Dimon is supporting the Buffett Rule – a policy of increasing taxes on millionaires to reduce the national debt. The CEO of JPMorgan Chase said he supports the idea that would impose a minimum tax rate of 30 percent on individuals earning over a million dollars annually. This comes as the…
The casino said that Mars does not owe it an insurmountable debt, in spite of rumors published in March. In March, a rumor made the rounds that singer Bruno Mars owed over $50 million in gambling debt to Las Vegas casinos, but MGM Resorts International has now denied that story. NewsNation was one of the…
The former interpreter of Japanese baseball star Shohei Ohtani pleaded guilty to tax and bank fraud charges at a courthouse south of Los Angeles on Tuesday. Ippei Mizuhara, 39, is accused of stealing nearly $17m (£13.3m) from Mr Ohtani – who plays for the Los Angeles Dodgers – during the years he was employed by…
Against a backdrop of rising global temperatures, the new Labour government’s creation of the National Wealth Fund is an important step in accelerating the UK’s green transition. The fund’s blended finance model – providing debt and equity funding – will channel £7.3bn of public cash into low-carbon projects. The hope is that the fund will…