Our latest insights

The Government today announced significant changes to Australian Tax residency rules aimed at providing certainty and simplification for businesses and their employees as Australian borders begin to start re-opening to the world.

The Government has a 10 year plan to implement the Modern Manufacturing Initiative and develop our manufacturing capability.

The United States national election is over, and while we await ratification of the results and inauguration of the new President, focus must now turn to the likely tax policies of the Administration of President Elect Joe Biden.

For many businesses, COVID-19 has been a trigger for developing or revising international strategies, with new markets and efficiencies being found in other countries: and India is consistently on the radar as one of the world’s largest economies.

Due to COVID-19 many businesses are considering what broader changes are needed to their corporate structures.

COVID-19 has brought transparency to manufacturing – for the first time, consumers are starting to understand what we do and don’t make here, and changing their consumer behaviours with more knowledge of product origins.

In a recent article published by Grant Thornton US, it was cited that an estimated 43% of the US workforce (being 60 million people) will be contingent workers by 2020 and Australia shows no sign of diverging from this trend.

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.

Whether you are an Australian business with existing operations in the US or looking to establish a foothold there, the impact of the US tax reform agenda will warrant very close consideration. While there may well be benefits arising, there may also be some disadvantages and unintended consequences.

The Tax Law Amendment (Combating multinational Tax Avoidance) Bill 2015 (“MAAL”) casts the spotlight onto corporate activity that encourages the reduction of tax liabilities in Australia.

It looks like Silicon Valley and Tel Aviv need to welcome another member to their start-up club soon: Manila, Philippines’ thriving capital, is rising at a quick pace on the digital innovation map.

The World Bank confirms it: Singapore is the world’s top country when it comes to ease of doing business.