- Transitioning support for auto supply chain companies
- Innovation in Australia
- New FBT entertainment cap introduced
- New reporting obligations for multinational companies
- Unlocking super
- The truth behind business failure
- 2015 Distinguished Family Business of the Year
- Melbourne plan refresh: The 2050 metropolitan planning strategy
- Tax alert: GST & remote housing accommodation
- The Federal Government's Tax discussion paper released today
- New fees hurt developers’ bottom line
- Payroll Tax Rebate – Action before 23 November 2015
- New South Wales State Budget 2015-16
- Western Australian Real estate & construction update
- Victoria Real estate & construction update
- South Australia Real estate & construction update
- Queensland Real estate & construction update
- New South Wales Real estate & construction update
- State revenue offices and the ATO information sharing
- Redundant corporate entities?
- Streamlined process for new business applications
- Imported building materials under scrutiny
- Tightened lending rules threaten industry growth
- Any GST hike must be offset
- New PM appoints Minister for Cities
- Reforming Australia’s Federation and Tax System
- A message from our Global Head of Real Estate & Construction
- Adelaide CBD property outlook – Key considerations
- The deadline is looming for the Exploration Development Incentive
- Valuing Employee Share Schemes (ESS) – Impending Tax Changes
- Queensland State Budget 2015-16
- New restrictions on entertainment salary packaging
- NADA conference day three
- NADA conference day two
- Do you have the keys to NADA 2015? Day 1
- South Australian State Budget 2015-16
- 27 Pay Periods in 2015/16
- Corporate simplification and solvent liquidations
- Fringe Benefits – Hidden FBT and deemed dividend issues
- NSW Payroll Tax Rebate
- SuperStream compliance
- Should I maintain my SMSF?
- Art and collectables as alternative investments
- Tax alert: GST ruling published
- Western Australian State Budget 2015-16
- New funding opportunities for Australian food & beverage companies
- Super fund investment choice – What are the options?
- Nominating beneficiaries for your superannuation benefits
- Superannuation consolidation
- Victorian State Budget 2015/16
- Encouraging innovation in Australia’s Life Sciences and Biotechnology industries
- Fraud in focus: Fraud and corruption in Banking and Financial Services
- Tax alert: Refunds of excess GST
- New Employee Share Scheme Bill Introduced
- SuperStream employer webinars
- Staying vigilant against fraud
- Tax Alert: Are you meeting your employment tax obligations?
- Tax alert: No change to R&D tax offset rates
- Act now to be ready for FATCA
- Tax alert: Changes to Employee Share Scheme Tax Laws
The Federal Government has today released its long awaited Re:Think - Tax discussion paper.
The Re:Think - Tax discussion paper is some 200 pages long, and raises 66 discussion questions around the challenges of the existing tax system across a number of different areas.
The responses to these questions will lead to preparation of the Government’s tax options Green Paper, which is due to be released in the second half of 2015. The Government will then seek further feedback on those options before putting forward policy proposals for consideration in 2016.
In doing so, the Government has stated that it will:
- Focus on ideas rather than prescribing solutions. Solutions can start to be considered as part of the options Green Paper in the second half of 2015.
- Focus on how revenue is raised, not just how much. The Government’s goal is to deliver lower, simpler, fairer taxes.
- Rule nothing in or out. Options can start to be ruled in or out as part of the options Green Paper.
Have your say
The Government will be seeking submissions up until 1 June 2015. As strong advocates for real structural tax reform to support Australian business, Grant Thornton Australia will be preparing a submission to the Government, focussing on the current challenges in the existing tax system, and provide examples of where changes should be made to support and encourage Australian business in the current economic environment. During this period we will also be engaging in the public debate around the need to drive appropriate reform to the existing system.
It’s important that the Government hears how the current tax system impacts Australian businesses and what you need to help your business survive and thrive. Your comments will help frame our message to the Government.
Please send your thoughts to us via the following email address: email@example.com