Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
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Head of Tax Posts
Are spreadsheets hindering your indirect tax processes?
Spreadsheets have their place, there’s no doubt about that. But the way they’re being used in the indirect tax world right now is a cause for concern.
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Moving away from spreadsheets: 3 ways to automate your tax process
Keep using spreadsheets? Sure, they have their place, but it’s more for certain types of tasks, not necessarily for everything that you’re trying to do.
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ATO using its access powers to assist with challenging legal professional privilege
CUB Australia Holding Pty Ltd v FCT [2021] FCA 43 marks the first addition to the body of case law regarding legal professional privilege (LPP) for 2021
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A ‘different’ year. Your 2021 FBT return
With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.
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Public-private sectors must work together to restore trust, manage risks post-COVID
The public and private sectors must work together more closely to restore trust and stability across international institutions and to enable them to respond more quickly to major risk events, a leading compliance expert has said.
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Ethics and risk management in the time of COVID
Ahead of the Governance Institute’s Leadership Trust Foresight conference on 7-8 December 2020, Dr Klaus Moosmayer, Member Executive Committee & Chief Ethics, Risk and Compliance Officer, Novartis AG (Switzerland) speaks with Virginia Ginnane, Marketing Content Specialist, Thomson Reuters about steering an ethical business in this challenging time.
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Cash Converters in AUSTRAC’s gunsights, as regulator sizes up next enforcement targets
Pawnbrokers, payday lenders and other non-bank reporting entities have been urged to review their financial crime controls, as the Australian Transaction Reports and Analysis Centre (AUSTRAC) broadens its supervision and enforcement crackdown.
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Dirty money’s dirty secret: We’ve all been deceived – there is no ‘war on drugs’
In this article former U.S. undercover agent, Robert Mazur confesses that he, his fellow law enforcement agents on the front lines, the U.S. public and the world’s communities have been deceived. A small band of the politically powerful have, time and time again, undermined the integrity of “the war on drugs”. It’s not a war; it’s a lie, he writes.
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New Zealand’s central bank takes on first major money laundering investigations
New Zealand’s central bank is well advanced in its first major investigations into anti-money laundering and counter financing of terrorism (AML/CFT) compliance failures, as it ramps up its financial crime compliance enforcement presence.
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