This year’s highly anticipated Budget sets in motion key aspects of the economic recovery plan through a mixture of tax cuts, business concessions and bold measures to stimulate spending and investment.
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New corporate residency test: Board of Taxation releases report
The Board of Taxation released its report Review of Corporate Tax Residency on 6 October 2020. The report was completed in July 2020.
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Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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$199bn deficit leaves room in Budget for tax cuts: Deloitte Access Economics
Ahead of the Federal Budget on 6 October 2020, Deloitte Access Economics has forecast an underlying cash deficit at $198.5bn for 2020-21, “just” $14bn worse than the $184.5bn Treasury forecast in the July Fiscal Update.
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ANALYSIS: FinCEN leaks will shine spotlight on “effectiveness” of global AML/CFT regime
The unlawful release of thousands of files from the U.S. financial intelligence unit’s database will shine a spotlight on the effectiveness of the international anti-money laundering (AML) regime, according to consultants with decades of experience in global banks and law enforcement agencies.
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Infographic: What is the future for tax and global trade when the COVID-19 dust settles?
The world won’t ever be the same post COVID-19.
So what is the future for tax, globally? Our country’s
top tax experts share their predictions.
Div 7A and COVID-19 affected borrowers: ATO 12-month payment extension
The ATO has granted a 12-month payment extension for COVID-19 affected borrowers concerning the requirement to make the minimum yearly repayment for Div 7A purposes.
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Navigating COVID-19 without a compass: what does the future hold?
“What does it all mean?” asked IPA’s Vicki Stylianou, in a rare intersection of philosophy with accounting. When the IPA Group Executive, Advocacy & Technical posed this question in her…
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