From www.pitcher.com.au: (Podcast) Discussion focusing on the tax system, the political landscape, and business needs from the upcoming federal government.
Includes the challenges of achieving meaningful tax reform.… read more
From www.themandarin.com.au: Public servants in Canberra operate within a unique “bubble,” distinct from the communities they serve, which affects their understanding of societal realities and national decision-making processes.… read more
From www.austaxpolicy.com: The High Court of Australia reserved its decision on an appeal regarding the PepsiCo case, which examines the applicability of the Income Tax General Anti-Avoidance Rule (Part IVA) in relation to payments made by Schweppes Australia for PepsiCo’s beverages.… read more
From alvarezandmarsal.com: The State Taxation Administration and Ministry of Finance have released a draft revision of the PRC Tax Collection and Administration Law that proposes significant changes to taxpayer obligations, including expanded anti-avoidance measures and uncapped late payment surcharges.… read more
From www.ifa.com.au: The proposed $3 million super tax by the Labor government has triggered significant pushback, yet both major political parties continue to propose policies that could undermine the tax system.… read more
From www.rsm.global: A recent survey revealed that Australians are nearly evenly divided on the Federal Government’s adjustments to income tax rates and thresholds, with 27.4% opposed and 24.8% supportive.… read more
From publicaccountant.com.au: Understanding cryptocurrency compliance for accountants: investment and trading can be treated differently under Australian tax law.
The Australian Tax Office classifies crypto investments similarly to shares, with distinctions made for capital gains tax versus revenue for day trading.… read more
From www.khq.com.au: The Full Federal Court’s decision in Bendel challenges the ATO’s long-standing position that unpaid present entitlements (UPEs) are classified as loans under Division 7A, indicating that proactive steps must be taken for a loan to exist.… read more
From williambuck.com: As the 2025 financial year-end approaches, tax planning is complicated by upcoming federal elections and potential legislative changes.
Key confirmed measures include the extension of the instant asset write-off until June 30, 2025, and the non-deductibility of General Interest Charges from July 1, 2025.… read more
From au.andersen.com: The April 2025 Monthly Tax Update outlines significant developments in budgetary measures, legislative changes, and tax rulings, focusing on economic support and relief strategies.… read more
From www.sbs.com.au: Prime Minister Anthony Albanese and Opposition leader Peter Dutton launched their respective election campaigns, focusing on first home buyers and tax relief amid rising cost of living concerns.… read more
From www.icaew.com: (UK context) The UK government has proposed new measures to enhance HMRC’s ability to combat tax avoidance scheme promoters, including expanding disclosure rules and introducing stop notices.… read more
From pointonpartners.com.au: Various tax updates, including: A Victorian man received a 4-year prison sentence for fraudulently obtaining $2.4 million in GST refunds, part of the ATO’s Operation Protego targeting similar scams.… read more
From www.blakeoliver.com: (US context) Douglas Edelman, a 73-year-old defence contractor, allegedly evaded $350 million in taxes by falsely claiming his French wife owned his companies, thus avoiding U.S.… read more
From www.taxinstitute.com.au: (Podcast) Unpacking the ATO’s increased scrutiny, common fundamental errors being made and the importance of proactive advice.
Learn about complying loans, the use of journal entries to make loan repayments, the Commissioner’s discretion to disregard a deemed dividend, and key tips for navigating Division 7A compliance.… read more