An accountant’s claims he was lured into purchasing $7 million worth of shares in his employer’s company have unravelled, with a court finding he had extensive knowledge before investing.
The Tax Office has released a decision impact statement in response to the High Court’s Bendel decision.
For company directors, the start of a new financial year is a good time to review their duties and, in particular, look at year-end reporting obligations and governance practices, writes Katelyn Adams. ...
According to one tax expert, the government’s changes to foreign investor taxation will create ambiguity and increase compliance and operational burdens in the way of the national renewable energy plan. ...
Multinationals and businesses are under greater scrutiny due to the ATO’s growing appetite for litigation, with one major law firm urging boards to ensure their tax risk governance is battle-ready. ...
The government has said it will not conduct further analysis of the compliance costs of its CGT reforms, despite estimates from CPA Australia indicating costs could be at least three times higher.
The parliamentary joint committee investigating KPMG has credited the resignation of the big four firm’s chair and two partners earlier this week to the whistleblower whose revelations have led to the ongoing inquiries into...
The government's bid to build support for its contentious CGT reforms through a series of targeted concessions offers some good news, but further amendments are needed to support small businesses, investors, and Australia's s...
In light of the stable yet stubbornly high rate, experts are concerned that inflation is becoming increasingly entrenched, with small businesses in particular facing a demanding operating environment. ...
Major leadership changes are afoot at KPMG, with the big four firm rolling out an action plan targeting culture, ethics, and controls.
KPMG has been accused of misleading a parliamentary inquiry about the role a leading law firm played in the examination of whistleblowing claims.
In a tax environment filled with uncertainty and change, one expert has detailed expected changes to compliance and surveillance, and what to do should the worst be identified.
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