Sooner or later, the Federal Reserve will have to raise interest rates, and this will affect you and every other investor in the United States. Regardless of when it happens, the Federal Reserve will begin increasing the federal funds rate from its current range of zero to 0.25%.
The current tax-free threshold is $18,200, and the highest marginal rate for individuals is 47%. In addition, most Australians are liable to pay the Medicare levy, of which the standard is 2% of taxable income.he Low Income Tax Offset (LITO) is a tax rebate for individuals on lower incomes. From 1 July 2010 it provides individuals earning less than $30,000 with a tax rebate of $445.
A taxes-paid report fits with BHP chief Andrew Mackenzie's push for greater transparency and will likely make clear just exactly how much the Big Australian contributes country-by-country. BHP paid $US6.46 billion ($8.26 billion) in tax in 2013-2014 and $US8.57 billion in 2012-13.BHP would not comment specifically on whether a taxes-paid report was in the works but told Fairfax Media on Wednesday that we take our tax and transparency obligations very seriously.HP already gives an over-arching tax figure each year in its annual report but a taxes-paid report â a 20-page document if Rio's is any guide â would go into much more forensic detail. The depth of Rio's voluntary disclosure of the taxes and royalties it pays is unique in Australia and its global sector.