Tax

Tax

Tax Institute slams Division 7A ‘band-aid’ fix

The Tax Institute has criticised Treasury’s proposed amendments to Division 7A as a “band-aid fix” and has called for...

19 December 2018 • By Jotham Lian

more from tax

Tax

Tax failures, $60m owed sees ASIC disqualify 3 directors

Three Queensland directors have been disqualified from managing corporations after liquidator reports found that they...

18 December 2018 • By Jotham Lian

Tax

Agent’s tax debts could trigger client audits: ATO

The Tax Practitioners Board’s incoming compliance program targeting tax agents with outstanding tax obligations could...

17 December 2018 • By Jotham Lian and Adam Zuchetti

Tax

‘Can’t hide’: Mid-tier sounds warning on wealthy group scrutiny

The Tax Office will begin scrutinising the affairs of 1,200 top privately owned and wealthy groups after its program...

14 December 2018 • By Jotham Lian

Tax

From haven to hero: The role of tax transparency in good corporate governance

What we call “corporate governance” today, emerged sometime during the Enlightenment period and while it isn’t a new...

13 December 2018 • By Tony Kinnear, Thomson Reuters

Tax

ATO publishes shrinking $1.8bn corporate tax gap

The tax gap for large corporate groups has been reduced to $1.8 billion as the ATO rakes in an additional $7.5 billion...

13 December 2018 • By Jotham Lian

Tax

E-commerce crackdown raises $1bn

The ATO’s focus on the e-commerce and digital economy industry has resulted in over $1 billion in cash collections and...

13 December 2018 • By Reporter

Tax

‘Concerning’ compliance numbers prompt calls to act from accounting bodies

Professional bodies have urged accountants to keep up to date with any outstanding tax obligations in light of the Tax...

12 December 2018 • By Jotham Lian