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...
Tax
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...
Posted on
| by Joseph Brookes
The Albanese government’s move to tax super funds’ unrealised gains will lead to investors pulling out of or avoiding high growth assets like startups and deep technology companies, Australia’s...
Posted on
| by Brandon How
The value of claims through the research and development tax incentive (RDTI) scheme’s non-refundable tax offset is estimated to return to pre-pandemic levels this financial year. The non-refundable tax...
Posted on
| by Justin Hendry
As many as 500,000 company directors are yet to sign up to the federal government’s compulsory director ID program, a key element of its efforts to crack down on...
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| by Joseph Brookes
The Tax Office is giving company directors an extra two weeks to apply for its new compulsory director ID program, with around 700,000 yet to sign up ahead of...
Posted on
| by Joseph Brookes
Global tech and consulting giants routinely engaged by government departments have been shown to be paying only a fraction of tax on multi-billion dollar local income in the latest...
Posted on
| by Joseph Brookes
The Tax Office expects to collect $250 million by cracking down on multinationals exploiting innovation and intangible loopholes to minimise their tax bill in Australia, while government tenderers will...