Redesigning Family Tax to Benefit Low Income Households

The total approximate savings from scrapping both the FTB Part B and the Schoolkids Bonus would be $5.9 billion each year. Therefore, the abolishment of Family Tax Benefit (FTB) Part B and the Schoolkids Bonus, while redesigning Family Tax Benefit Part A to reduce middle-class welfare and insulate low-income families from the former. The plan … Continue reading Redesigning Family Tax to Benefit Low Income Households

Economic Factors & Competitor Analysis for Levi Strauss

Economic Factors This chapter seeks to explore the economic factors for “[Levi Strauss & Co., being] one of the world’s largest brand-name apparel marketers with sales in more than 100 countries” (Vrontis & Vronti, 2004, p.392). Focus is placed on the current impact of ever-expanding regulation on consumer choice, economic decision-making, pursuits in producing goods/services, … Continue reading Economic Factors & Competitor Analysis for Levi Strauss

What does income splitting mean for Australian households?

Income splitting is when double income households are able to spread their collective income over both incomes, considering you are self-employed. In order to lower each under the tax free thresholds. This means a family can gain more savings from income tax from having two incomes. The use of these arrangements are used to create … Continue reading What does income splitting mean for Australian households?