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ATO trust splitting determination ’moves the line for taxpayers’

ATO trust splitting determination ’moves the line for taxpayers’

by Shared by Australian Financial Review | Aug 9, 2018 | News

In a draft determination issued late last month, the Tax Office says splitting a trust will cause a capital gains tax event, with the final ruling expected to apply both retrospectively and in the future.Read the full article at the Australian Financial Review.
Big four Deloitte, EY, KPMG and PwC should return to auditing roots

Big four Deloitte, EY, KPMG and PwC should return to auditing roots

by Shared by Australian Financial Review | Aug 8, 2018 | News

The expansion of the big four into all manner of consulting, tax advice and even legal services means they have strayed too far from their original business of checking the financial books of their clients, according Richard Brooks, the author of Bean Counters and a...
Deloitte board recommends audit head Richard Deutsch as new Australian CEO

Deloitte board recommends audit head Richard Deutsch as new Australian CEO

by Shared by Australian Financial Review | Aug 7, 2018 | News

The partners at the firm, who typically go with the board’s recommendation, are voting via an online process, with the final result expected to be revealed to partners by the end of the week and to all staff on Monday.Read the full article at the Australian...
ASIC’s ’coercive’ approach commoditising audits

ASIC’s ’coercive’ approach commoditising audits

by Shared by Australian Financial Review | Jul 30, 2018 | News

The regulator’s shift from a collaborative to a coercive approach may be leading to over-reliance on checklists at the risk of taking into account the individual needs of clients, according to the working paper by University of Melbourne’s Carlin Dowling, University...
Chris Bowen piles on Deloitte claim tax cuts ’unaffordable’

Chris Bowen piles on Deloitte claim tax cuts ’unaffordable’

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

Deloitte Access Economic’s June Business Outlook argues the revenue surge from a buoyant economy has government budgets “the healthiest they’ve been in a decade” but a slowdown in China and a property crunch could choke the boom.Read the full article at...
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