TITLE

Urgent need for uniform disclosure

AUTHOR(S)
Weaven, Grarry
PUB. DATE
December 2005
SOURCE
Money Management;12/1/2005, Vol. 19 Issue 45, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the author's comments on the money management. As there are some super funds in the industry that are failing to pass on the allowable tax deductions to the fund members on the administration costs, there is an urgent need for the disclosure of uniformity. This issue may be started from analyzing elements of the cost to members and then look at the total cost and net benefit to the member. The author suggests that the debate on management fees and administration fees in isolation will not be helpful for the members struggling to compare super funds and there is a need to abandon the practice. Net benefit is only the true measure of the return from investment of the hard-earned retirement income for the members. The author prescribes the single methodology for charging the fees in order to remove the confusion in the members.
ACCESSION #
19283836

 

Related Articles

  • Business entertainment.  // Accountancy;Apr88, Vol. 101 Issue 1136, p59 

    This article reports on the cancellation of tax deductions on the cost of entertaining and of presenting gifts to overseas customers in Great Britain from March 15, 1988. All entertainment and gifts provided by a business will now be taxed in the same way.

  • Easing your 2006 tax payment to Uncle Sam. Giordano, Jason // Hudson Valley Business Journal;1/22/2007, Vol. 18 Issue 4, p31 

    The article discusses some tax deductions and breaks which were provided by the U.S. Tax Relief and Health Care Act of 2006. The bill was signed into legislation in December 2006. It extended helpful deductions which had expired in 2005. It also enhanced some other tax breaks. Now companies can...

  • New Tax Incentive Benefits U.S. Production Activity. Conjura, Carol; Vance, Scott // Financial Executive;Nov2005, Vol. 21 Issue 9, p60 

    The article discusses the annual, recurring benefit provided in Section 199 of the American Jobs Creation Act of 2004. The provision allows firms to obtain a special income tax deduction calculated on the basis of net income attributable to specified production and other activities conducted in...

  • Specific Deduction Areas: Part 3. Sloan, Chuck // Back Stage East;3/6/2008, Vol. 49 Issue 10, p14 

    The article focuses on three crucial areas of acting-related tax deductions in the U.S., which are auto/travel expenses, entertainment for business and business travel expenses. It is stated that if one uses his own car to pursue an acting career this is likely the largest deduction one can...

  • CHAPTER 13: Deductions That Can Help You Retire. Fishman, Stephen // Home Business Tax Deductions (9781413317411);2012, p303 

    The article offers information on tax deductions and tax benefits available for the retirement account contributions of a business owner in the U.S. It informs that small business owners are benefited more than employees of big companies, as federal government has designed several types of...

  • CHAPTER 2: Landlord Tax Classifications. Fishman, Stephen // Every Landlord's Tax Deduction Guide (9781413317688);12/1/2012, p37 

    The article presents information on how landlords in the U.S. can determine their tax status or classify rental activities for tax purposes. Tax status not only affects the extent of tax deductions for rental expenses, but also affects the taxes associated with the sale of property. A landlord...

  • More Ways to Save Taxes. Varadarajan, Nitya // Business Today;12/16/2007, Vol. 16 Issue 25, p238 

    The article presents information on tax-saving instruments. The author informs that tax-saving can be more effective with fixed-income investments and also qualify for tax deductions. One of the methods to save tax is to invest in the Public Provident Fund (PPF) account, which can also serve as...

  • The American Jobs Creation Act of 2004. Hartman, Mitchell // Oregon Business Magazine;Feb2005, Vol. 28 Issue 2, p43 

    Discusses the American Jobs Creation Act of 2004 legislation in the United States and its implications for American corporations' tax planning in Oregon. Nine percent federal income tax deduction; 5.25 percent effective tax rate on foreign earnings that American companies repatriate;...

  • Reducing immediate taxes leaves the funds in your "jeans". Bissonette, Laurie // Northern Ontario Business;Mar2012, Vol. 32 Issue 5, p5 

    The article offers the author's insights regarding the importance of controlling and reducing corporate and personal income taxes.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics