Renewed fears tax system forcing profits offshore
In light of the Australian tax reform agenda being significantly “watered down” and governments around the world introducing concessional treatments for multinationals, ...
TAX • Thu, 24 Nov 2016
New president announced for accounting body
One of the three major accounting bodies has confirmed the election of a new president, formerly of the ATO, as well as other management changes.
APPOINTMENTS • Wed, 23 Nov 2016
Trusts tipped to be on the out
One industry lawyer believes a recent taxpayer alert is a continuation of a pattern that will see the commissioner eventually restrict trusts to being “very much a ...
TAX • Tue, 22 Nov 2016
CA in hot water with ASIC
ASIC has accepted voluntary undertakings (VUs) from two registered liquidators of a chartered accounting firm in Western Australia.
Tax refund fraud syndicate ends in jail sentence
A man has been sentenced to prison following his part in a complex refund fraud syndicate that used identity crime to impersonate taxpayers and lodge fraudulent refund ...
TAX • Mon, 21 Nov 2016
‘Real need’ for accountants to ramp up sales expertise
Accounting practices with long-term aspirations need to ensure they have a function that is dedicated to business development, with the vast majority of firms falling ...
BUSINESS • Mon, 21 Nov 2016
ATO set to clamp down on range of super issues
The Tax Office has announced it will be ramping up its focus on a range of issues related to superannuation, particularly as some suspicious strategies surface ...
SUPER • Mon, 21 Nov 2016
ATO's social media swoop set to bear fruit
One national tax and accountancy network believes the ATO’s “sophisticated and comprehensive” trawling of internet data is significantly limiting taxpayers’ chances of ...
TAX • Fri, 18 Nov 2016
High Court rules in lengthy offshore tax case
The High Court has ruled in a long-running case that involved a company setting up complex offshore structures, labelled by the ATO as “blatant tax evasion”.
TAX • Thu, 17 Nov 2016
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