GST – States agree to end ‘tampon tax’ and consider the Commonwealth’s new basis for dividing the GST Revenue between the States & Territories – Council on Federal Financial Relations meeting

Tax Month - October 2018

The Treasurer reported that the Council on Federal Financial Relations (CFFR) met in Melbourne on 3 October 2018. The ‘tampon tax’ will be removed – Significantly, he reported, there was unanimous agreement amongst the States  to remove the GST on feminine hygiene products (the States and Territories are the beneficiaries of the GST revenue and have to…

Digital economy and strengthening Australia’s corporate tax system – Treasury discussion paper released

Tax Month - October 2018

On Tuesday 2.10.18, the Government released a discussion paper seeking views on options to strengthen the integrity of the corporate tax system, in the age of the digital economy. The Treasurer also noted (in his media release): the Government is concerned that some very profitable, highly digitalised companies pay very little tax in the countries…