INTHEBLACK February 2023 - Magazine - Page 10
FAST FOCUS
“What matters most to us is maintaining fair and efficient markets. To do
that, we need to have confident and informed investors. That’s why it should
be no surprise that sustainable finance is today a ‘whole of ASIC’ priority.”
KAREN CHESTER
DEPUTY CHAIR OF THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC)
Source: Carbon Market Institute’s 9th Australasian Emissions Reduction Summit
NEW APPROACH TO OLDER WORKERS
Hong Kong’s talent crunch is causing more employers to view older
workers in a new light. The report from AON on the 2022 Older Age
Workforce Hong Kong Study shows:
44%
see a business need to retain older
employees in the workforce and expect this
to be a key focus over the next five years.
TAXING TIME FOR BIG
CORPORATES
Despite the pandemic, Australia’s large
corporate taxpayers performed well in
2020-2021, with the Australian Taxation
Office’s (ATO) annual report on corporate
tax transparency revealing the amount of
tax they paid for the year is the highest
since reporting started eight years ago.
The report represents 2468 corporate
entities, which paid a combined A$68.6 billion
in income tax. That is almost 20 per cent
higher than the previous year.
Australia has some of the highest
levels of tax compliance of large business
in the world, with 93 per cent of tax
paid voluntarily and 96 per cent after
the ATO’s compliance activities.
Read the report
10 INTHEBLACK February 2023
34%
provide additional support
to employees nearing
retirement to help them
understand their options.
57%
allow employees to work
beyond retirement age on
mutual agreement.
Download the report