Whistleblower Bill introduced into Parliament – strengthening and expanding whistleblower protections but still no ‘bounty’ for successful disclosures

Tax Articles

On 13 December 2017, the Australian office of the international law firm: Ashurst, put out the following briefing. The authors were: George Cooper, Partner; James Clarke, Senior Associate; and Lucy Cameron, Graduate. What you need to know On 7 December 2017, the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 was tabled in Parliament. The Bill…

Trump’s US tax reform – not just 20% corporate rate but also proposals for compensating ‘base broadening’ such as denying US deductions for BEPS leakage amounts or US tax on foreigner export profits (with 80% ‘foreign tax credits’)

Tax Month - December 2017

On 15 Dec 2017, the Tax Institute’s Senior Tax Counsel: Bob Deutsch wrote the following piece, which was included in their Tax Vine publication and also on their website (see below for further details). Also, there is ‘editorial comment’ in [square brackets]. ************* Much has been made of Donald Trump’s proposal to reduce the corporate…

NSW: Residential Premises that are not ‘Dwellings’ – for 8% Surcharge Transfer Duty and 2% Surcharge Land Tax for ‘foreign persons’

Tax Month - December 2017

On 29 Nov 2017, the NSW OSR issued Revenue Ruling G 011: Surcharge Land Tax and Duty – Residential Premises that are not Dwellings. This ruling gives guidelines to help taxpayers identify the types of premises the Chief Commissioner does, and does not, consider to be ‘dwellings’ for purposes of the following ‘surcharges’ on top of…

OECD Model Tax Convention – latest edition released with significant changes from the OECD/G20 BEPS project (Hybrids, Treaty Benefits, PE avoidance and Dispute Resolution)

Tax Month - December 2017

On 18/12/2017, the OECD released its latest edition of their Model Tax Convention.This incorporated significant changes developed under the OECD/G20 project to address base erosion and profit (BEPS). The OECD Model Tax Convention, a model for countries concluding bilateral tax conventions,  plays a crucial role in removing tax related barriers to cross border trade and investment. It…