Tax

Australia’s federation is a taxing problem

One of the four themes in next week’s National Reform Summit, hosted by KPMG, is ‘tax reform in a modern federation’. The federal issue, while not exclusive to Australia, represents…

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For equity and longevity changes to superannuation concessions are a necessity

This country’s well-funded super system is the envy of the world, providing Australians with a sense of financial security and reducing long-term Age Pension pressures on the government. Its contribution…

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Equity and productivity the key to Australia’s tax reform

Tax reform is building a head of steam – last week’s COAG meeting between the Prime Minister and the state premiers had tax issues high on the agenda. But much…

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Australian GST: 15 years on and still not 15 percent

I wouldn’t say I had misty eyes on Tuesday night last week but it was certainly with some nostalgia that I posted on LinkedIn: “Today marks 15 years since the…

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Tax authorities put spotlight on sharing economy

You can’t pick up a newspaper these days without seeing some reference to the ‘sharing economy’. Whether it is Uber, Airbnb or a host of other peer to peer operators,…

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Toast

An end to the year invites a toast. Toast is nearly a contronym. Contronyms are Janus-like words with two opposing meanings. Cleave is a classic. It can mean cling or…

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Bring on year end: But first, are your trusts in order?

30 June is quickly approaching and private businesses are turning their minds to the next year. However, before the year ends there are some key actions which need to be…

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PAYG employee? Take some end of year tax tips

The end of the tax year is rapidly approaching. How best to get your tax return sorted, and crucially, to ensure you don’t pay more tax than you need to?…

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‘Simple indirect tax’ days long gone as ATO focuses on business systems

There was a time when VAT/GST was regarded as the ‘simple tax’. Those days are long gone. Many indirect tax regimes are becoming increasingly sophisticated – with the result that,…

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Start-up investment incentives the missing Budget link

This week’s Federal Budget was well received by small business, as our colleague David Pring observed on this page yesterday. While we would agree the measures to boost that sector…

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Good news for the smart country

Last month I shared my concerns on the proposed R&D amendments – please refer blog link below. It is not often in tax that we get good news – but…

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Payroll takes centre stage in states’ tax debates

At federal level, the long-awaited tax white paper may have been delayed. But in three states, payroll tax rebate is currently at the centre of debate. In Queensland, Labor has…

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Protecting innovation in Australia: what is best for Australian companies?

The Tax Laws Amendment (Research and Development) Bill 2013 (commonly known as the Targeting Access Bill) was passed in the Senate on Tuesday night. As the Bill must return to…

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