Tax

KPMG responds to the Treasury consultation document on multinational tax integrity and enhanced tax transparency

There is no doubt that change is coming for large business taxpayers in Australia, both in terms of what deductions they can claim and also what tax information they are required to publicly disclose.

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Tips and traps: what you need to know for your tax return this year

It’s time to start collating all of your information to ensure you get your tax return sorted

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Observations on the OECD Secretary-General’s comments on delay of global tax agreement

Comments by OECD Secretary General Mathias Cormann at the World Economic Forum in Davos suggest that the implementation of Pillar One of the global tax agreement is likely to be deferred until 2024.

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Labor’s taxation policies will be an important factor in funding the spending commitments

With many of the announced measures due to start on 1 July 2023, it will be challenging to get all of these changes through the consultation and legislative process in time.

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The cost of light vehicles is getting heavier!

Underutilised vehicles still have employers incurring running costs and paying FBT when there may be a more efficient means.

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Justified Trust: COVID tax lull over for private groups and wealthy individuals

Late last month, the ATO released a findings’ report in relation to its ‘Top 500’ private groups tax performance program. This assurance program is part of the wider Justified Trust initiative to ensure all Australian corporate taxpayers pay the right amount of tax

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Federal and NSW government measures to support business and households

Until the vaccination program is successfully executed policy makers will need to maintain a deft touch with one foot on the brake and the other on the accelerator.

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Principles for an innovative software development tax incentive

The need for new measures that encourage investment in innovation is vital as the Australian economy looks to recover from COVID-19.

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Historic agreement on international taxation

On 1 July 2021, in an historic agreement, 130 countries have agreed to a statement providing a framework for reform of the international tax rules.

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Questions for your tax return this year: cryptocurrency? working from home? super contributions?

The end of the financial year is fast approaching and it’s time to start collating all of your information to ensure you get your tax return sorted, andpay the right amount of tax.

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Hopes of global tax agreement rise as US changes tack

The prospects of a historic and wide-ranging global tax agreement in the middle of this year has been significantly enhanced by the position adopted by the Biden administration.

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Mid-market businesses upbeat and emerging from COVID-19 with confidence

In encouraging signs for future growth and innovation, one third took advantage of the Instant Asset Write-off and plan to follow suit with the R&D Tax Incentive.

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Electric Vehicles Tax: funding the road to the future: Victorian Budget

The widespread adoption of electric vehicles will significantly reduce Australia’s carbon footprint and it is important we have the right incentives to encourage better choices for our environment.

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