Tax reform

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.

comment comment
article

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.

comment comment
article

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.

comment comment
article

Victoria cuts stamp duty: but is it the best way to help first time buyers?

An admirable tax initiative, but will the cuts provide the intended benefits?

comment comment 1
article

As a society we get the tax system we want: ideas and values are what dictate change

The Mid Year Economic and Fiscal Outlook (MYEFO), released yesterday, presents an interesting close to a year that commenced with a glimmer of hope of grand tax reform. We learnt…

comment comment
article

The future tax base: is there more than just corporate, personal and indirect?

As the way we work, where we live and how long we are alive all changes, the question must be asked – where is our tax base going to come…

comment comment
article

Research and Development incentives: the lifeline of innovation

Parliament resumed this week after its long post-election break. But there is a legislative proposal to be debated which threatens to erode Australia’s brand as a destination for investment in…

comment comment
article

Artificial Intelligence in tax returns, and the gig economy. Welcome to Tax 2025

No one can predict the future – but we can be relatively confident that the Australian tax system in 2025 will bear the imprint of changes we are already seeing.

comment comment 1
article

The gender divide on work related expenses: who claims more?

The expression “work related expenses” (WRE) is a label which refers to expenses claimed by an employee to be deductible on the basis that they are incurred in producing their…

comment comment
article

Leap Year Boost for Federal Government – a $1bn windfall to tax coffers

Who needs tax reform when you have the Gregorian Calendar? Says KPMG Chief Economist Brendan Rynne.

comment comment
article

Spending under the spotlight as tax reform hopes fade

The Treasurer, in his speech at the Press Club in Canberra yesterday, emphasised the need for restraint on public expenditure.

comment comment
article

Evaluating tax reform: a prism of gender equity

Tax reform is generally evaluated based on efficiency, equity and simplicity. There is also sustainability, consistency, transparency and stability, but what is often left out of the equation is gender.…

comment comment
video

The purpose of tax reform – boosting real wages

At the AFR/KPMG Tax Reform Summit this week, one issue received a perhaps surprising amount of consensus. This was the notion, put forward by former treasury secretary Martin Parkinson at…

comment comment
article