Tax

Franking credits: government still needs to offset revenue losses

What was lost in much of the election discussion around the removal of the refund of franking credits for individuals and superannuation funds, was the tax policy issue that is trying to be addressed.

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Personal tax cuts the centrepiece but a gender lens would be welcome #budget2019

The centrepiece of the Budget is the personal tax cuts – and it is welcome, given sluggish wage growth to see action for both lower and middle earners.

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Expat tax compliance in 2019: staying ahead of the changes

While it seems the absurdity of the outside world is on the rise I am comforted by the slow and steady march that tax takes into the future.

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ATO releases corporate tax transparency report: proportion of companies not paying tax drops

The biggest contributor to the $7.5 billion rebound in company tax collections from 2015-16 was the mining, energy and water sector, which contributed more than 75 percent of the additional tax.

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ATO assurance program challenges companies to justify our trust

The Australian Taxation Office is now well into its program of compliance reviews of the country’s top 1,100 companies checking they have the right systems in place to ensure they are paying appropriate levels of tax.

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It seems large company tax cuts are now off the agenda in Australia – but not elsewhere

The OECD’s recent Tax Policy Reforms 2018 – which covers latest tax trends among 35 countries – shows that several member countries have lowered taxes on businesses and individuals as part of their 2018 tax reforms.

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Pre-filled tax returns? Could it work in Australia?

A parliamentary committee has recommended that the Commonwealth Government should undertake a review before 2022 for the purpose of identifying how Australia’s tax system can be simplified.

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Time for the tax man to look across the Tasman?

Yesterday the Australian Taxation Office (ATO) released information about the personal income tax gap for the first time. The tax gap is the difference between the amount the ATO believes…

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Tax: the final frontier

The recent budget decision to invest $41 million in an Australian Space Agency, commencing 2018-19, is a modest first step for Australia, the last OECD country to establish a Space Agency for commercial purposes.

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Becoming a philanthropist has its benefits

So you want to be a philanthropist. The very word often conjures up a vision of multi-million dollar bank accounts, high net worth individuals and mega corporations.

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Tax reform creeps ahead

Contrary to some expectations, this week the Tax Laws Amendment (Personal Income Tax Plan) Act 2018  was passed by the Senate, and received Royal Assent.

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Every Budget has a narrative and a seduction: this was one of few surprises

Each Federal Budget has a narrative and a seduction. Sometimes the narrative resonates. For some budgets, there is a mismatch, rightly or wrongly.

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Prioritise business tax cuts, says the mid-market

With just over two weeks to go before the May Federal Budget a clear message from our mid-market clients is the government should focus on delivering business tax cuts.

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