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Inspector-General of tax Ali Noroozi bows out after 10 years

Inspector-General of tax Ali Noroozi bows out after 10 years

by Shared by Australian Financial Review | Sep 24, 2018 | News

The office had been formed five years earlier, had embarrassingly few resources and a massive mandate to oversee the most powerful and arguably least scrutinised regulator in the country, the Australian Taxation Office (ATO).Read the full article at the Australian...
Scott Morrison likely to up the ante over small business tax cuts

Scott Morrison likely to up the ante over small business tax cuts

by Shared by Australian Financial Review | Sep 21, 2018 | News

The government has already decided it will fast-track the tax cuts that have been legislated for businesses with turnovers capped at $50 million but that change will require new legislation. A senior source said while there had been no formal discussions or a...
Deloitte, EY, KPMG, PwC should be probed for cartel conduct: Labor

Deloitte, EY, KPMG, PwC should be probed for cartel conduct: Labor

by Shared by Australian Financial Review | Sep 4, 2018 | News

The written request, by shadow assistant treasurer Andrew Leigh and Labor member Julian Hill, asks Australian Competition and Consumer Commission boss Rod Sims to examine the structure of the auditing market given the dominance of the big four firms.Read the full...
Government to speed up company tax relief for small businesses

Government to speed up company tax relief for small businesses

by Shared by Australian Financial Review | Aug 24, 2018 | News

Setting up a fight with Labor for the next election, cabinet’s budget razor gang will examine options to redirect savings into helping small and medium businesses that have already benefited from tax cuts – those with a turnover of up to $50 million a year –...
KPMG chairman Alison Kitchen against ’name and shame’ over audit quality

KPMG chairman Alison Kitchen against ’name and shame’ over audit quality

by Shared by Australian Financial Review | Aug 23, 2018 | News

Ms Kitchen also reaffirmed her view that the firms should not be broken up. She said the big multi-disciplinary accounting firms KPMG and rivals Deloitte, EY and PwC remained best-placed to audit large multinational listed firms, and there was no public interest in...
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