TAX • Miranda Brownlee

The professional body has called for a raft of amendments to be made to the draft laws for the innovative business CGT concession, including a simplified innovative company test and stronger protections for employees and investors.

TAX • Carlos Tse

Running a business from home can come with added complexities, including claims for the main residence exemption and determining how deductible expenses apply, cautions a tax partner.

TAX • Carlos Tse

To improve the discretionary trust minimum tax framework and give trustees more options, the FAAA has called on the government to amend the draft legislation to address major certainty issues.

TAX • Miranda Brownlee

The government has released the first tranche of draft legislation to reform the research and development tax incentive, following a review of Australia’s R&D system earlier this year.

TAX • Miranda Brownlee

The government has published draft legislation for its innovative business CGT concession, which will allow eligible businesses to claim a discount on capital gains when the new CGT regime begins.

TAX • Miranda Brownlee

In a recent decision, the court determined that Hilton International Australia entered into a scheme for the dominant purpose of obtaining a tax benefit.

TAX • Miranda Brownlee

The ruling clarifies when a payment under a software intermediation arrangement is subject to withholding tax because it is a royalty.

TAX • Miranda Brownlee

Commissioner Rob Heferen has said the Tax Office will continue to take firmer action on tax debts, with its debt book figure for the end of June expected to exceed the $115 billion figure from the previous year.

TAX • Carlos Tse

Treasury has predicted an unrelenting decline in income taxpayers, which will lead to a spike in the average tax rate.

TAX • Carlos Tse

CPA Australia has welcomed the ombudsman’s consultation on its review into the ATO’s use of director penalty notices and its draft workplan, and has stressed that its independent voice is crucial for the profession.