Tax

While the government’s removal of the retrospective element of foreign resident CGT has been broadly welcomed, a tax lawyer has noted that it does not soften the blow for foreign investors.

KPMG’s announcement of a new chair was upstaged by the release of an email chain that shed light on his views on the whistleblower’s allegations of serious misconduct.

What began as an internal disclosure within KPMG, alleging that confidential client documents were being misused has become something considerably larger, writes Nicole Wearne.

Payday Super and the second tranche of anti-money laundering reforms officially come into effect today, marking a major shift for employers and accountants.

A seasoned chartered accountant who built significant wealth through a property syndicate has failed to overturn amended tax assessments that treated its fees as ordinary income.

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 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 ...

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.