Tax

Social media will be a definite winner for #auspol @AboutTheHouse on #Budget2016 night

Tonight, at approximately 7.30 pm the Treasurer will begin his second reading speech with #Budget2016. Traditionally it is broadcast live by national television and radio and watched by individuals, families,…

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Looking to employ? Would you like a tax break with that?

With calls for tax reform to regenerate the economy in full swing, one could be forgiven for overlooking the fact there are considerable incentives already in place.

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You can’t tax what you can’t see

The focus of the Senate Inquiry’s Interim Report into Corporate Tax Avoidance, published last week, was very much on transparency. Its key recommendations included making the new voluntary tax transparency…

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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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‘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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The super tax debate: is a cap the answer?

The recent Financial System Inquiry (FSI) Report recommended that the Government seek broad agreement of the primary objective of superannuation, namely, “to provide income in retirement to substitute or supplement…

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The Magna Carta – foundation of the rule of law: musings from the Senate Inquiry

Walking to a Committee Room in Parliament House a fortnight ago, I paused at a display cabinet celebrating the octocentennial of the Magna Carta signed by King John at Runnymeade on…

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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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Sydney tragedy overshadows bleak budget figures

On Monday at 12.30 the Treasurer was supposed to be releasing his statement on the Mid-Year Economic and Fiscal Outlook (MYEFO). In the end it was delayed by 90 minutes as…

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To Bitcoin or not to Bitcoin?

The Senate Inquiry into digital currency will tomorrow look at the initial treatment of Eftpos as a framework to monitor the use of Bitcoin and other crypto-currencies in Australia. The…

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