Our latest insights

Round three of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry revealed further examples of where the banking sector is failing its customers.

The professional services industry faces a growing threat of cyber-attacks, making it more important than ever to be able to respond, particularly given Australia’s new privacy laws.

The Common Reporting Standard (CRS) is the global standard for the collection, reporting and exchange of financial account information on foreign tax residents.

While GDPR will impact a broad range of companies, technology companies will face some unique challenges. Tech companies access huge amounts of data from a variety of sources and therefore face significant data inventory challenges.

Finally, we’ve been taking a holistic view to assessing the Federal Budget implications from global, industry and business perspectives.

Mid-sized businesses are the backbone of the Australian economy and it’s crucial this segment is supported by a future-focused, long-term tax environment so they can achieve sustainable growth in what is an uncertain economic environment.

The federal budget in May provides an opportunity for the Turnbull Government to build on Australia’s record-breaking run of economic growth. Such growth is essential to fund vital infrastructure projects and health and education services, and to improve the individual and collective wellbeing of Australia’s people.

Investment in research and development (R&D) is vital to Australia’s economy, and essential to attracting technology-focused organisations, investors and talent to our shores.

After much focus in last year’s Federal Budget, the real estate and construction sector still needs time to implement the raft of changes and assess the incentives under the Housing Affordability banner in 2017, as well as the more recent stapled securities announcements.

Watch Darrell Price, Grant Thornton’s Health & Aged Care National Head, as he shares his views on what the Federal Government needs to focus on in this year’s Budget to genuinely help – and incentivise – those in the sector, including the aged care, disability and general practice sub-sectors, so they can continue to provide solid, sustainable health care to those in the community.

The reputation of the Australian Food, Beverage and Agribusiness industry for high quality around the country and the world means it continues to see significant M&A within the sector, and huge potential for growth. But there’s more that could be done, especially in this year’s Federal Budget, to expand on this success.

One of the most discussed elements of the Turnbull government’s tax agenda is its proposal to reduce the corporate tax rate for businesses with an annual turnover of more than $10 million. If implemented, the proposal would see the corporate tax rate drop from 30% to 25% over a 10-year period.