The Board of Taxation has called for submissions for a review into the dual-agency administration model for the R&D tax incentive.
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2021 Budget snapshot
This year’s Budget was dominated by spending measures directed toward social programs, with only a few, very specific, tax changes.
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2021 Simplified Transfer Pricing Record-Keeping update
The ATO’s “Simplified Transfer Pricing Record-Keeping” options allow qualifying entities to opt out of Australia’s full transfer pricing requirements.
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New Zealand central bank has failed on AML/CFT supervision, says FATF
The Financial Action Task Force has criticised New Zealand’s Reserve Bank for their supervision of the banking sector, despite an overwhelmingly positive national review.
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Credit Suisse board knew about cumulative risk weaknesses
The multibillion dollar losses suffered by Credit Suisse following the collapse of Greensill Capital and Archegos Capital may well rank among the most significant risk and compliance failures of the past decade.
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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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The future for lawyers: Legal service in a cart?
“There won’t be enough work to keep all traditional lawyers in practice, because the market will have moved to different ways of solving problems,” says Prof Richard Susskind OBE, President of the Society of Computers & Law in the UK.
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Speed, volume of regulatory change continue to challenge firms in Asia – poll
The pace and volume of regulatory change will be the single greatest challenges for compliance officers across the Asia-Pacific region in 2021.
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Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
Australia’s world-leading Fintel Alliance has secured a major win in the fight against organised financial crime, after teaming up with state police for a “week of action” on cuckoo smurfing.
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