Tax

A lack of clear guidance and inconsistent application of the payroll tax law highlights the need for legislative amendments, according to the institute.

Global adoption of tax transparency measures is rising among large public companies, but comprehensive disclosure is patchy, recent research has shown.

Despite hopes of an exemption, Australia has not been spared from US tariffs on steel and aluminium, set to take effect from 12 March.

Labor’s Future Made in Australia bill passed both houses yesterday, establishing hydrogen tax credits and critical minerals tax incentives.

The accounting firm has raised issues with the ATO’s recent interpretation of section 109U, warning it may lead to “arbitrary and inconsistent” outcomes for taxpayers.

There is no strong evidence that investment tax break policies have boosted business investment outside of the GFC, according to analysis by the Reserve Bank.

The bill to implement tax credits for hydrogen and critical minerals production is vital for Australian industry and decarbonising the economy, the committee chair has said.

Grant Thornton has advised multinational companies to “be prepared and start early” to meet the ATO’s new public country-by-country reporting requirements.

The new thin capitalisation and debt deduction rules are set to be key focus areas for top taxpayers, the Tax Office has revealed.

Donald Trump’s decision to withdraw the US from the OECD global tax deal may have implications for Australia's efforts to curb multinational tax avoidance.