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.

TAX • Carlos Tse

One accounting body has urged the government to re-evaluate its approach to the consultation period for the second tranche of the CGT and negative gearing legislation to avoid significant correction costs.

TAX • Carlos Tse

Pitcher Partners has urged the government to lessen the compliance and complexity burden of its tax reforms for taxpayers, particularly privately controlled groups.

TAX • Miranda Brownlee

The association has said investors should be allowed to apportion a capital gain or loss on a straight-line basis based on the number of days the asset was held both before and after 1 July 2027.

TAX • Carlos Tse

While AI’s impact on tax is overstated, Australia’s labour market is better positioned to deal with its impacts than the US, underscoring the value of an AI-aligned GST, an e61 Institute researcher has said.

TAX • Carlos Tse

Following the second tranche of CGT and negative gearing provisions, one tax expert has stressed that small businesses must wait for the rubber stamp before restructuring.

TAX • Matthew Taylor

The accounting firm has urged the government to re-evaluate its entire strategy for the reforms to trust tax, with the proposed measures set to introduce excessive complications and create harsh, inequitable outcomes.