by Shared by The Australian and Accountancy Age | May 5, 2016 | News
The government expects to spend nearly $700 million next year alone on tax relief and the extension of other concessions to businesses with a turnover of less than $10 million.Read the full story at The Australian.
by Shared by The Australian and Accountancy Age | May 4, 2016 | News
The move is accompanied by a more ambitious plan to broaden access to the lower 27.5 per cent tax rate to larger companies with a turnover of up to $100m by 2019-20, with the higher threshold phased in over the next four years.Read the full story at The...
by Shared by The Australian and Accountancy Age | May 3, 2016 | News
In tonight’s budget, Scott Morrison will cut the company tax rate for small firms from 28.5 per cent to 27.5 per cent and make the surprise move to lift the eligibility threshold from $2 million in turnover to $5 million. The company tax changes will set up a...
by Shared by The Australian and Accountancy Age | Apr 27, 2016 | News
In its latest crackdown on tech companies such as Google and resources groups such as BHP Billiton that route sales through tax havens including Singapore, the ATO has warned it can impose penalties of up to 120 per cent of the tax avoided.Read the full story at The...
by Shared by The Australian and Accountancy Age | Apr 22, 2016 | News
Hitting corporate Australia with more than $300 million in annual levies, the Treasurer declared that companies would have to pay for a toughened regulator to police misconduct. Read the full story at The Australian.
