Liberal senator Andrew Bragg has called an ACTU proposal to restrict negative gearing and the capital gains tax discount to one property “absolute garbage.”
The Productivity Commission has proposed company tax cuts and regulatory pare backs in a new interim report.
The Tax Institute has raised concerns regarding the compliance burden associated with the ATO’s approach to inbound cross-border related party financing arrangements.
The end of the financial year means two things: filing a tax return and a rise in opportunistic scams, the ATO warns.
Ahead of mandatory climate financial disclosure rules, CA ANZ, ACCA and the Climateworks Centre have released fresh guidance to help firms adapt to new reporting requirements.
Via the Department of Home Affairs and ATO, the federal government has moved to increase the monitoring of employers’ compliance with their skilled visa holders.
An unfair dismissal case has left a worker scrambling to receive her owed remedies, with the company yet to reimburse her nearly a year after the proceedings concluded.
The Tax Office has opened public consultation to inform its exemption rules for its public country-by-country reporting scheme.
The ATO has released its annual Taxation Statistics report for 2022–23, highlighting the biggest contributors to public revenues.
The US Treasury secretary is advocating for the removal of retaliatory US tax provisions, which could impose higher taxes on Australian entities investing and operating in the US.
The Tax Ombudsman has revealed its list of systemic reviews for the new financial year, including homing in on the ATO’s approach to tax debt and its management of compromised tax accounts.
A specialist lawyer has outlined the difficulties in defending clients with historical tax debts, as the ATO increasingly pursues older debts from before the COVID-19 pandemic.
