Tax

Tax

Tax system ‘ill-equipped’ for 21st century, says ANU

The government should look to reform its “outmoded” tax system to generate revenue in the short term and move away...

06 May 2020 • By Aidan Curtis

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Tax

Modified turnover test, ‘one in, all in’ amendments released

Treasurer Josh Frydenberg has now released details of the modified decline in turnover test for employer entities, and...

03 May 2020 • By Jotham Lian

Tax

No further JobKeeper eligibility changes, says Treasury

The Treasury is adamant there will be no further major changes to the JobKeeper payment eligibility criteria as the...

01 May 2020 • By Jotham Lian

Tax

JobKeeper ‘one in, all in’ rule forcing tough decisions

The “one in, all in” feature of the JobKeeper scheme is resulting in some difficult conversations within businesses,...

01 May 2020 • By Jotham Lian

Tax

ATO’s ‘well-meaning’ JobKeeper GST guidance backfires

The ATO’s guidance over the use of a cash or accruals approach to calculating turnover in relation to the JobKeeper...

30 April 2020 • By Jotham Lian

Tax

Australia needs a competitive tax system post-COVID-19: BCA

Policymakers will need to consider if red tape that was suspended during the COVID-19 crisis is necessary...

29 April 2020 • By Aidan Curtis

Tax

AFP teams up with ATO, Treasury in COVID-19 tax fraud taskforce

The Treasury has confirmed that it will be working with the ATO and an Australian Federal Police taskforce in...

28 April 2020 • By Jotham Lian

Tax

Division 7A guidance hangs in the balance

The profession continues to wait on government clarification on the deferral of Division 7A amendments that were due...

28 April 2020 • By Jotham Lian