Our international indirect tax guide provides a snapshot of how VAT/GST is applied in 117 different countries, and helps to highlight just how far Australia continues to lag in this space.
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Ben Matthews recently met with the Managing Partner of a mid-tier legal firm to discuss the struggles he was facing in trying to build a successful partnership, including attracting and retaining great people, optimising working capital, maximising tax efficiencies, retiring debt and funding investment.
In the current tax environment, it is no longer sufficient to have your tax agent sign-off on your annual tax returns. Rather, it is now an expectation that businesses, especially large businesses, have in place proper tax control frameworks to demonstrate that tax risks are identified and managed within the organisation. That is tax governance.
The Federal Government delivered its pre-election Budget in May, and the key winners were older Australians, suppliers to infrastructure projects and small business – just to name a few.
Has your company (or parent company) provided free or discounted shares or rights to receive shares to employees, directors or individual consultants (Employees), or their nominees, during the 2018 income year?
The Australian Tax Office (ATO) issued its latest guidelines dated 25 June 2018 to professional services firms regarding its assessment of risk in respect to allocation of profits within such firms.
Foreign investors have been an easy target for politicians of late. It makes sense – they don’t get a vote and they don’t have a collective voice to defend themselves.
The Common Reporting Standard (CRS) is the global standard for the collection, reporting and exchange of financial account information on foreign tax residents.
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.
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.