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Treasurer Jim Chalmers has said tax reform in next week’s budget will drive investment in the government’s manufacturing and green technology reform package.
Grant Thornton partner Paul Banister says the Tax Office’s most recent update suggests it is not getting the information it needs to apply its risk compliance framework for professional firms.
H&R Block’s director of tax communications, Mark Chapman, has said tax agents should be asking clients if they are investing in cryptocurrency.
Treasury will consult on whether CPA Australia, CA ANZ, and the IPA are effectively ensuring compliance with their professional standards following concerns raised in the consulting inquiry.
The Senate committee’s final report puts sector-specific divestiture powers, a federal competition commission, and a reverse merger approvals test back on the table.
Expectations that the EU’s sustainability reporting rules will become the market favourite are leading accountants to get their organisations to comply.
“It took a quarter of a century following the economic shocks of the 1970s and countless inquiries” to get a Howard-era tax review. Now the time has come again, says Business NSW.
Ahead of the release of the Senate consulting inquiry’s final report, Treasury has opened up key issues affecting public confidence in the big four for public consultation.
The government will cut another $1 billion in spending on external labour in the upcoming budget and will introduce an outsourcing tax to secure increasingly fickle savings.
The government is exploring options for expanding information-gathering powers for the ATO and TPB.
The OECD has prescribed restrictive monetary policy and productivity-enhancing policy measures to boost Australia’s medium-term economic growth.
The corporate regulator has expanded its approach to greenwashing compliance to consider problematic governance frameworks, adding that financial services “gatekeepers” should be on notice.
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