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…
Global Debt Sacrifices the Worlds Poor on the Altar of Profit By Justin Villamil The developing world owes a total of $29 trillion to richer nations. Fifteen countries spend more on interest payments than they do on education, and forty-six spend more on interest than they do on health. Its time for a global debt…
WASHINGTON (AP) As he campaigns for reelection, President Joe Biden frequently touts his work on student debt, pointing to the millions of people who received cancellation under his watch. Yet relatively few Americans say theyre fans of his work on the issue, even among those who have student loans. Three in 10 U.S. adults say…
If your credit card payments are seriously delinquent, certain strategies are worth exploring now. nui/Getty Images Over the last few months, there have been numerous signs that a credit card debt crisis could be looming, including an uptick in late payments and maxed-out card accounts. And, a report from the Federal Reserve Bank of New…
In short: Family violence perpetrators are burdening their partners with tax debts they cannot shake, sometimes leading to bankruptcy. A change in the federal budget means the tax office can defer chasing debts in certain circumstances. What’s next? Advocates want the ATO to adopt a model used overseas, in which debts are reassigned to perpetrators.…
NEW YORK (AP) Janille Williams wants to buy a house someday but first, he has to pay down tens of thousands of dollars in medical debt. I was hospitalized for a blood infection for three months more than ten years ago, and the bill was for more than $300,000, said Williams, 38, a Fairbanks, Alaska,…
To support sustainable textile manufacturing and improve the sectors resource efficiency in Bangladesh and India, International Finance Corporation (IFC) has on Monday announced a partnership with EPIC Group, a leading player in the global apparel industry, to help finance its green capital expenditure program and create higher-skilled jobs. IFC said in a statement that the…
In short: Lawyers say a shortage of workers outside metropolitan areas is straining the court system and leaving people in need without help. They say people are representing themselves in court, which can double the average time it takes to hear a case and lead to people owing large amounts of money. What’s next? There…
Thursday, 13 June 2024 Debt relief can HELP regional access to justice A scheme to provide relief from tertiary education debt for lawyers who relocate to practise in rural, regional and remote (RRR) areas has the potential to jump start access to justice for communities in need. President of the Law Society of NSW Brett…
By Najiyya Budaly (June 17, 2024, 3:21 PM BST) — The Ukraine government, advised by White & Case LLP, appealed on Monday to bondholders to help restructure its $19.5 billion of eurobond debt before a payments freeze it agreed with international creditors expires on Aug. 1…. Read the full article at: https://www.law360.com/articles/1848502/white-case-led-ukraine-seeks-debt-relief-by-aug-deadline