The federal government will bring in outside help from the private sector to help its three-person advisory board assess applications under the tax offset scheme for video game developers....
Tax
Posted on
| by Justin Hendry
After a meteoric rise in tax breaks for companies undertaking research and development in Australia, payments are set to fall by almost $650 million over the next five years....
Posted on
| by Justin Hendry
Google, Amazon and other major digital platforms would be hit with an annual 3 per cent tax on their revenue in Australia by default under a Greens proposal to...
Posted on
| by Justin Hendry
The Albanese government is being urged to reintroduce a Coalition-era tax break to help small businesses invest in technologies like artificial intelligence as economic challenges persist. In a pre-Budget...
Posted on
| by Joseph Brookes
A Sydney businessman and his firms have been ordered to pay more than $13 million in penalties for encouraging clients to lodge over-inflated, inaccurate or unsubstantiated claims for research...
Posted on
| by Joseph Brookes
Gambling and tobacco firms will be excluded from the Research and Development Tax Incentive from next year, after transparency data laid bare tens of millions of dollars in claims...
Posted on
| by Joseph Brookes
Landmark legislation introduced on Thursday could see digital platforms giants like Google and some of the government’s biggest tech suppliers forced to “top up” their local tax bill if...
Posted on
| by Kris Gale
Sandy Plunkett’s excellent article in Monday’s edition of InnovationAus.com, ‘Money for nothing: Australia’s dismal R&D performance‘, provided much food for thought as to what the federal government might focus...
Posted on
| by Joseph Brookes
As many as 300,000 company directors are operating without a mandated digital identification, in breach of a new scheme designed to crack down on illegal phoenix activity. The non-compliance...
Posted on
| by Joseph Brookes
PwC and the Tax Office confidentially settled a dispute in March about the firm using false professional privilege claims to withhold information about the tax advice it gave a...
Posted on
| by Justin Hendry
Small businesses wanting to take advantage of tax breaks for new technology worth $1 billion to the Budget bottom line are being told to delay their tax returns, with...
Posted on
| by Joseph Brookes
The federal police declined to pursue an investigation into the PwC tax leaks scandal in 2019, despite the Tax Office providing it with evidence one of the firm’s former...
Posted on
| by Joseph Brookes
The Tax Office has been armed with $111 million to implement a new minimum tax rate targeted at tax dodging multinationals. The government is expected to collect more than...
Posted on
| by Joseph Brookes
Tech giants moving the “apparent location” of their “bits and bytes” production to minimise tax will face tighter rules under the Albanese government’s multinational tax reform package, which took...