*Integrity of overseas Commonwealth law enforcement operations: Committee hearing (91)

The Parliamentary Joint Committee on the Australian Commission for Law Enforcement Integrity is conducting an inquiry into the integrity of overseas Commonwealth law enforcement operations. The Inquiry has been asked to report on the management of corruption risks arising from the international operations of Commonwealth law enforcement agencies, including the ATO, Australian Federal Police, Australian…

*Inspector-General’s review into ATO benchmarking to target cash economy – recommendations and ATO’s response (89)

The Assistant Treasurer has on Thur 4.10.2012, released the Inspector-General of Taxation’s Review into the ATO’s use of benchmarking to target the cash economy. The Inspector-General conducted this review in response to concerns raised by small businesses and tax practitioners about the ATO’s use of small business benchmarks. The Inspector-General has made 11 recommendations to…

*‘Permanent establishments’ under the ‘business profits’ treaty article – Board of Taxation releases paper on adopting the OECD ‘functionally separate entity’ approach (88)

The Board of Taxation has released a discussion paper seeking comments to assist it in developing advice to the Government on the advantages and disadvantages of Australia adopting the OECD functionally separate entity approach to the determination of profits attributable to a permanent establishment in its tax treaty negotiations and in domestic law. The Board…

Small Business Superannuation Clearing House passes $500m in payments (86)

The Minister for Superannuation has announced that the Small Business Superannuation Clearing House recently passed $500m in superannuation payments. The Clearing House is designed to cut red tape and costs for small businesses by allowing them to pay all their employees’ superannuation contributions in one online transaction. More than 33,000 small businesses have registered with…