Tax

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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Cracking down on the black economy could raise $5 billion per annum for the government

A concerted crackdown on the black economy could generate up to $5 billion per annum in additional Commonwealth revenue alone.

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Don’t let the FBT Grinch steal your Christmas

To avoid the Grinch stealing your Christmas by way of an FBT bill, here are some tips to keep in mind as we enter the silly season

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To govern is to choose: gender equity needs consideration in personal tax cuts

For several years now, KPMG has argued that the potential changes to the tax and transfer system need to be evaluated through a prism of gender equity.

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Market disrupters challenge the tax system: just think Uber

In many areas of public policy there is pressure on legislators and regulators to take action when the speed of change, often technological, has left laws far behind.

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Australia needs to look out to the world if we are going to maintain our standard of living

Australia is at risk of becoming too inward-looking. We need to look out to the world if we are going to maintain our standard of living.

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Work-related deductions – time to get fair dinkum?

The average expenses claim for work related expenses is $2,500. But would the conduct of some of these individual taxpayers pass the “pub test”.

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The Black Economy: is it a tax or societal problem?

We believe nothing less than a national campaign to move Australia away from the black economy is needed – involving support from business, trade union, social services, civil society leaders and both sides of politics.

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