Why the 15% tax on the world’s biggest companies won’t fix the problem of profit shifting
The budget papers don’t say how many companies will be affected, but globally the OECD says no more than 100 corporations will have to pay the tax.
PwC tax leak: Separating corporate and public interests akin to separating church and state
The power of the modern consultants, like PwC, to influence government is akin to the influence Church officials once wielded.
‘Love thy taxes’ for a happier life: Yes, really!
I recognise most of you don’t want to hear this, but I have a tip on how to lead a happier and more productive life. Be happy about paying taxes.
Budget 2022: ATO resources beefed up to tackle shadow economy and tax avoidance
The ATO will see funding for its Tax Avoidance Taskforce increased by approximately $200 million per year over four years, effective July 1, 2022.
Why the big four auditing firms need to choose between tax schemes or government funding
The big four audit and consulting firms are at the heart of the infinitely complex world of tax avoidance and evasion.
Elon Musk, Jeff Bezos and Warren Buffett’s ‘true tax rates’ revealed. Are Australian billionaires next?
The data — leaked by an anonymous source — is American, but this kind of thing happens in Australia too, UNSW associate professor Ann Kayis-Kumar explained.
The G7’s move on company tax may actually benefit Australia. Here’s why
A decision by the G7 to ensure multinational businesses pay a minimum company tax rate of “at least” 15% could deliver longer-term economic benefits to Australia.
NSW to name and shame companies for payroll tax avoidance linked to wage theft
Companies in NSW that avoid paying payroll tax on unpaid wages could soon face significantly harsher penalties, as part of a NSW government plan to crack down on wage theft in the state.
ATO sounds warning on companies misusing asset write-off and loss carry-back schemes
The ATO has warned businesses against misusing the government’s expanded asset write-off scheme and the new loss carry-back provisions.
Tax debts could tank your credit score under new ATO powers
Business owners are being encouraged to manage their cashflow ahead of new laws putting a stop to the ATO being used as a 'de-facto bank'.
ATO compensation overhaul as government seeks to improve small business access to justice
The ATO's defective administration processes will be updated and improved under a government plan to make small business compo fairer.
SMEs wary as ATO grants big business 12-month reprieve to confess tax problems
Some of Australia’s largest private companies will be given more time to notify the tax office of tax problems, but small business groups say the government must continue its efforts to improve tax transparency.
