Delivered against an uncertain economic backdrop, the 2026-27 Federal Budget reflects a government navigating competing pressures.
As debate intensifies ahead of the Federal Budget, this insight examines why incremental tax changes are no longer sufficient for Australia. It argues for meaningful, productivity‑focused tax reform that addresses growing reliance on personal income tax, system complexity and long‑term budget sustainability, while carefully considering broader reforms such as the GST to ensure fairness and economic resilience.
OECD announces the ‘Side-by-Side’ administrative guidance package
The Australian Pillar Two Rules align with the OECD’s initiative to ensure MNEs pay a minimum Effective Tax Rate (ETR) of 15 per cent globally.
In this episode, Corporate Tax Partner Vince Tropiano, Global Trade Partner Richard Nutt and Innovation Incentives Director Simone Barker discuss the Australian economy and how tariffs are impacting Australian manufacturing businesses – and what they can do to mitigate risks.
In its Budget Reply, the Opposition commits to key spending on healthcare and energy but plans to cut 41,000 public servants and repeal $17.1B in tax cuts, citing fiscal concerns.
Treasurer Jim Chalmers has delivered the Federal Budget 2025-26 – the Government’s fourth since taking office.
In a few days, the Treasurer will present a budget that few of us expected. While in the shadow of the upcoming Federal election, it’s important that the Government takes the opportunity to set a platform to support Australian business in an environment of major global uncertainty.
Australia's Parliament has passed the Pillar Two rules, aligning with the OECD's global initiative to establish a 15% minimum tax rate for large multinational enterprises (MNEs).
In 2015, the Australian government introduced the concept of a Significant Global Entity (SGE). Even if an Australian company has relatively small operations in Australia, it may still be considered an SGE if it part of a group with large turnover. Watch now as Vince Tropiano and Jessica Brass discuss the key issues to be aware of in respect to SGEs.
On Tuesday 25 June 2024, Chief Minister Andrew Barr handed down the Territory’s Budget. A predicted $830.8m deficit for 2023-24 will likely return to an estimated surplus of $179.5m by 2027-28.
This year’s Federal Budget announced a raft of tax changes including Stage 3 tax cuts, extending the instant asset write-off, tax incentives as part of the Future Made in Australia package and changes to the foreign resident capital gains tax regime, among others.