Australian Financial Review article on 1 November 2017 John Kinghorn fronts ICAC in 2012. Nic Walker by Geoff Winestock Misa Han John Kinghorn, the founder of RAMS Home Loans and Allco Finance and one of the country’s leading philanthropists, faces 10 years in jail after being charged with two counts of fraud for avoiding $30…
Why we measure the tax gap Estimating tax gaps forms part of the ATO’s broader accountability and transparency as a leading administrator. It is consistent with contemporary international best practice in tax administration. Australians all benefit from healthy tax and superannuation systems that support our society and economy. The community expects us to manage all…
Vacant Residential Land Tax – Do you need to notify the State Revenue Office? October 25, 2017 – by Pointon Partners Taxation The lack of housing supply in inner and middle Melbourne has become a major issue for residents and the State Government. In response, the Victorian State Government has sought to free up further housing by…
[From Australian Financial Review – 22.8.17] ATO hails tech giants’ $7 billion sales surge Facebook vice-president of tax and treasury Ted Price said his company was being audited for “most of the years in which we’ve been doing business” in Australia. Kate Geraghty Share on twitter by Joanna Mather The world’s biggest technology companies are…
Michael Andrew AO Chair Black Economy Taskforce 14 August, 2017 Dear Sir Black Economy Taskforce: call for submissions Thank you for the opportunity to comment upon the above matter. The below comments are mine and mine alone, and do not reflect the views of my employer or the various bodies that I serve. I am ready…
Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017 – (Act No. 27 of 2017) – which includes the so called ‘Diverted Profits Tax‘ These provisions come into effect, broadly from 1 July 2017, in accordance with Item 52 of Schedule 1 to the Bill – set out below. 52 Application The amendments…
Table of Contents Para Introduction 1 Differences from European Union (EU) approach 3 Low value goods 5 Legislative references 8 Purpose 9 Overview of the law 10 Step 1 Definition of EDP 11 Consultation Question 1 11 Consultation Question 2 15 Consultation Question 3 18 Step 2 The operator of the EDP must be making…
New rules apply to vendors disposing of certain taxable Australian property under contracts entered into from 1 July 2016. A 10% non-final withholding will be applied to these transactions at settlement. Australian resident vendors selling real property will need to obtain a clearance certificate from us prior to settlement, to ensure they don’t incur the 10% non-final…
Copy of article appearing in the Australian Financial Review on 30 November 2016, by by Neil Chenoweth. Deborah Huber (pictured below) is at the heart of this story. Deborah Huber and Ronald Binetter: their evidence against the other Binetter family members was damning. Facebook If tax lawyer Michael Binetter has one regret, from his new home in New…
This is a Paper by Tony Makin and Julian Pearce on the ‘Tax and Transfer Policy Institute‘ (TTPI) website. _______________________________________________________________________________________ Budgetary issues in Australia have dominated public policy discussion at the federal level since the 2008-10 Global Financial Crisis (GFC). Governments at both national and state level entered the GFC running budget surpluses, yet post-GFC Australia has…