Treasurer Tim Pallas says the High Court decision outlawing the levy will “totally recast” the way the state raises revenue.
The treatment of non-arm’s length income transgressions in SMSFs need to factor in the heavy penalties, says one adviser.
A proposed levy on foreign student fee income could hurt enrolments and Australia’s reputation, according to independent colleges.
Frustrated tax agents complained of letters about on-hold tax debts of just a few cents that were a waste of time to reconcile.
Businesses need to be aware of some of the important nuances that exist with deductions for Christmas parties and meals, says BDO.
Legitimate business transactions will be collateral damage in the government’s crackdown on multinational tax avoidance.
Court finds insufficient reasons to condemn “too trusting” liquidator.
Businesses need to be aware of some of the important nuances that exist with deductions for Christmas parties and entertaining, says BDO.
The ATO has identified a number of focus areas in relation to transfer pricing that are likely to place businesses at increased risk of review, warns Grant Thornton.
Its rulings on when a trust entitlement constitutes a loan remain in place and leave taxpayers with a dilemma, specialists say.
Reforms aimed at addressing tax adviser misconduct as well as a bill to legislate the objective of super have been introduced into Parliament today.