Why fund managers fear GST
Article Abstract:
Legislation to institute a Goods and Services Tax (GST) beginning July 1, 2000 will probably pass, and that will affect retirement fund management. Under the GST, all fund management services and professional fees will be subject to a 10% tax. This will be difficult to pass to customers, since retirement earnings will be taxed at a maximum of 15%. Wealthier private investors may choose to limit their losses by investing in DIY funds.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Splitting the difference
Article Abstract:
Issues discussed concern proposed legislative changes to affect small superannuation, or DIY funds. The potential for these funds to discriminate against people with large families or same-sex relationships is addressed.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: At the heart of the matter. Inheriting the storm. 'We are kidnapped'
- Abstracts: Australian airlines take off. Flying circus. Tactical blue
- Abstracts: Stock meltdown reflects fear of the unknown. High oil prices putting brakes on global demand. 'Fear premium' driving surge in oil prices
- Abstracts: Richard Armitage. Clare Martin. Stanley Roth: US Assistant Secretary of State
- Abstracts: Online workers' windfall could flatten investors. Excite could swim with the fishes soon. Name lawsuit prompts AppleSoup to become Flycode