TAX • By Carlos Tse
The new CGT proposals are expected to be a burden on productivity and the economy, as small business owners are incentivised to be paid out in franking credits instead of reinvesting in their businesses.
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The corporate regulator has pursued administrative action against 36 approved SMSF auditors between January and June this year, increasing the total actions against SMSF auditors to 64 for FY26.
PROFESSION • By Matthew Taylor
Read MoreKPMG’s chief executive has apologised for the firm’s “serious breach of trust” after an Allens investigation confirmed allegations that client information was inappropriately retained in a locker by former chief operating officer Eileen Hoggett.
PROFESSION • By Miranda Brownlee
Read MoreIn line with the Commonwealth of Australia’s independent review into KPMG, the big four firm has agreed not to bid for new work with the Victorian government and to withdraw from most of its current tender processes.
PROFESSION • By Carlos Tse
Read MoreThe US has raised tariffs on Australian imports from 10 per cent to 12.5 per cent, citing concerns over the lack of a US-style import ban on goods produced via forced labour.
ECONOMY • By Matthew Taylor
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