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Negative Gearing (Australia)
Negative gearing is a form of financial leverage whereby an investor borrows money to acquire an income-producing investment and the gross income generated by the investment (at least in the short term) is less than the cost of owning and managing the investment, including depreciation and interest charged on the loan (but excluding capital repayments). The investor may enter into a negatively geared investment expecting tax benefits or the capital gain on the investment after it is sold to exceed the accumulated losses of holding the investment. The investor would take into account the tax treatment of negative gearing, which may generate additional benefits to the investor in the form of tax benefits if the loss on a negatively geared investment is tax-deductible against the investor's other taxable income and if the capital gain on the sale is given a favourable tax treatment. Overview Negative gearing is often discussed with regard to real estate, where rental income is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leverage (finance)
In finance, leverage (or gearing in the United Kingdom and Australia) is any technique involving borrowing funds to buy things, hoping that future profits will be many times more than the cost of borrowing. This technique is named after a lever in physics, which amplifies a small input force into a greater output force, because successful leverage amplifies the comparatively small amount of money needed for borrowing into large amounts of profit. However, the technique also involves the high risk of not being able to pay back a large loan. Normally, a lender will set a limit on how much risk it is prepared to take and will set a limit on how much leverage it will permit, and would require the acquired asset to be provided as collateral security for the loan. Leveraging enables gains to be multiplied.Brigham, Eugene F., ''Fundamentals of Financial Management'' (1995). On the other hand, losses are also multiplied, and there is a risk that leveraging will result in a loss if financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisation For Economic Co-operation And Development
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a Forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are High income economy, high-income economies with a very high Human Development Index, Human Development Index (HDI), and are regarded as Developed country, developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of List of countries by GDP (nominal), global nominal GDP (US$49.6 trill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Law Rewrite Project
The Tax Law Rewrite Project of HM Revenue and Customs was a major effort to re-write the entire tax legislation of the United Kingdom in a format which is both more consistent and more understandable. It aimed to remove archaic language and impenetrable terminology from tax law and to replace it with modern language and terminology. History The project was set up in 1996 and produced five pieces of primary legislation and one piece of secondary legislation. A sixth and seventh bill went before Parliament. The project focussed purely on primary legislation but special dispensation was given to the re-writing of the regulations governing PAYE by the project. The project began its work with the legislation covering capital allowances and the first legislation passed thanks to the project was the Capital Allowances Act 2001. The project then moved on to consider income tax. Three pieces of primary legislation relating to income tax—the Income Tax (Earnings and Pensions) Act 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schedular System Of Taxation
The schedular system of taxation is the system of how the charge to United Kingdom corporation tax is applied. It also applied to United Kingdom income tax before legislation was rewritten by the Tax Law Rewrite Project. Similar systems apply in other jurisdictions that are or were closely related to the United Kingdom, such as Ireland and Jersey. The levies to tax on income were originally set out in Schedules to the Income Tax Act. In the case of United Kingdom corporation tax, they remain for companies charged to that tax, and in the case of United Kingdom income tax, many, but not all remain. In the United Kingdom the ''source rule'' applies. This means that something is taxed only if there is a specific provision bringing it within the charge to tax. Accordingly, profits are only charged to corporation tax if they fall within one of the following, and are not otherwise exempted by an explicit provision of the Taxes Acts: The Schedules Notes: #The heads of charge listed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scott Morrison
Scott John Morrison (; born 13 May 1968) is an Australian politician. He served as the 30th prime minister of Australia and as Leader of the Liberal Party of Australia from 2018 to 2022, and is currently the member of parliament (MP) for the New South Wales seat of Cook, a position he has held since 2007. Morrison was born in Sydney and studied economic geography at the University of New South Wales. He worked as director of the New Zealand Office of Tourism and Sport from 1998 to 2000 and was managing director of Tourism Australia from 2004 to 2006. Morrison also served as state director of the New South Wales Liberal Party from 2000 to 2004. He was first elected to the Australian House of Representatives at the 2007 election as a member of parliament (MP) for the division of Cook in New South Wales, and was quickly appointed to the shadow cabinet. After the Liberal-National coalition's victory at the 2013 election, Morrison was appointed Minister for Immigration and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasurer Of Australia
The Treasurer of Australia (or Federal Treasurer) is a high ranking official and senior minister of the Crown in the Government of Australia who is the head of the Ministry of the Treasury which is responsible for government expenditure and for collecting revenue. The Treasurer plays a key role in the economic policy of the government. The current Australian Treasurer is Jim Chalmers whose term began on 23 May 2022. The Treasurer implements ministerial powers through the Department of the Treasury and a range of other government agencies. According to constitutional convention, the Treasurer is always a member of the Parliament of Australia with a seat in the House of Representatives. The office is generally seen as equivalent to the Chancellor of the Exchequer in the United Kingdom or the Secretary of the Treasury in the United States or, in some other countries, the finance minister. It is one of only four ministerial positions (along with Prime Minister, Minister for Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sydney Morning Herald
''The Sydney Morning Herald'' (''SMH'') is a daily compact newspaper published in Sydney, New South Wales, Australia, and owned by Nine. Founded in 1831 as the ''Sydney Herald'', the ''Herald'' is the oldest continuously published newspaper in Australia and "the most widely-read masthead in the country." The newspaper is published in compact print form from Monday to Saturday as ''The Sydney Morning Herald'' and on Sunday as its sister newspaper, '' The Sun-Herald'' and digitally as an online site and app, seven days a week. It is considered a newspaper of record for Australia. The print edition of ''The Sydney Morning Herald'' is available for purchase from many retail outlets throughout the Sydney metropolitan area, most parts of regional New South Wales, the Australian Capital Territory and South East Queensland. Overview ''The Sydney Morning Herald'' publishes a variety of supplements, including the magazines ''Good Weekend'' (included in the Saturday edition of ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Conversation (website)
''The Conversation'' is a network of not-for-profit media outlets publishing news stories and research reports online, with accompanying expert opinion and analysis. Articles are written by academics and researchers under a free Creative Commons license, allowing reuse without modification. Its model has been described as explanatory journalism. Except in "exceptional circumstances", it only publishes articles by "academics employed by, or otherwise formally connected to, accredited institutions, including universities and accredited research bodies". The website was launched in Australia in March 2011. The network has since expanded globally with a variety of local editions originating from around the world. In September 2019, ''The Conversation'' reported a monthly online audience of 10.7 million users, and a combined reach of 40 million people when including republication. The site employed over 150 full-time staff as of 2020. Each regional or national edition of '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emerging la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2019 Australian Federal Election
The 2019 Australian federal election was held on Saturday 18 May 2019 to elect members of the 46th Parliament of Australia. The election had been called following the dissolution of the 45th Parliament as elected at the 2016 double dissolution federal election. All 151 seats in the House of Representatives (lower house) and 40 of the 76 seats in the Senate (upper house) were up for election. The second-term incumbent minority Liberal/National Coalition Government, led by Prime Minister Scott Morrison, won a third three-year term by defeating the opposition Australian Labor Party, led by Opposition Leader Bill Shorten. The Coalition claimed a three-seat majority with 77 seats, Labor finished with 68, whilst the remaining six seats were won by the Australian Greens, Centre Alliance, Katter's Australian Party and three independents. The electoral system of Australia enforces compulsory voting and uses full-preference instant-runoff voting in single-member seats for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2016 Australian Federal Election
The 2016 Australian federal election was a double dissolution election held on Saturday 2 July to elect all 226 members of the 45th Parliament of Australia, 45th Parliament of Australia, after an extended eight-week official campaign period. It was the first double dissolution election since the 1987 Australian federal election, 1987 election and the first under a new voting system for the Australian Senate, Senate that replaced group voting tickets in Australia, group voting tickets with optional preferential voting. In the 150-seat House of Representatives, the one-term incumbent Coalition government was reelected with a reduced 76 seats, marking the first time since 2004 Australian federal election, 2004 that a government had been reelected with an absolute majority. Labor picked up a significant number of previously government-held seats for a total of 69 seats, recovering much of what it had lost in its severe defeat of 2013 Australian federal election, 2013. On the crossbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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