BusinessCompany NewsPensions tax changes see Aussie execs quit

Pensions tax changes see Aussie execs quit

Macquarie execs to retire due to new pensions tax changes, according to reports

Changes to Australian tax rules could lead to a third executive quitting
Macquarie
Bank
in quick succession.

Deputy chairman Mark Johnson is expected to announce his retirement from the
investment bank, reports the FT.

Reports suggest that Johnson and two other executives will retire due to
changes in pensions law in Australia from 1 July. The changes will make it more
tax-efficient for some executives who are around 60 years old to retire or go
part-time.

Further reading:

Ex-Aussie cricket captain in tax probe

China ends favourable taxes
for foreign companies

Maradona probed over finances

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