The inflation data shows a stubbornness that requires more drastic policy action, importantly both monetary and fiscal policy working together, in order to bring inflation back down, writes KPMG Australia Chief Economist Brendan Rynne.
Conducted by independent research firm Meridian West, with contributions from 1,927 senior leaders in 41 jurisdictions, this report is one of the most geographically comprehensive surveys of its kind.
KPMG analysis of ABS data reveals growing financial pressure is causing lower life satisfaction levels in Australians today than during the pandemic.
The improvement in the labour market, coupled with the stickiness of service sector inflation, has caused hawks to flock at the Federal Reserve, writes KPMG US Chief Economist Diane Swonk.
The potential impacts of the Middle East conflict are already translating to higher oil prices, which are now beginning to have a flow on effect through the entire economy, as detailed by KPMG Australia Chief Economist Brendan Rynne.
It’s recommended to be proactive with Voluntary Disclosures as they can protect from prosecution if made before Australian Border Force audit activity has commenced, as detailed by Daniel Rae, Onur Tekin and Jake Callaghan.
It is essential for employers to advance their Payday Super readiness plans and seek assistance as early as possible, write Jacqui Tucker and Priscilla Tang.
The use of advance pricing agreements and mutual agreement procedures provide an invaluable means of navigating ever increasing and complex transfer pricing arrangements, as highlighted by Glen Hutchings, Frank Putrino and Amanda Maguire.
The unemployment rate reinforces the view that there are still short-term inflationary pressures in the economy, writes KPMG Senior Economist Terry Rawnsley.
The weakness we are seeing is chilling and enables the Federal Reserve to cut rates in September, although not enough for the most dovish Fed governors, writes KPMG US Chief Economist Diane Swonk.
It seems no week can pass without further changes in direction on tariff policy, with tentative agreements with the EU and a few countries now put in question, as outlined by KPMG US Washington National Tax Principal John Gimigliano.
This webinar, held on Wednesday 13 August, provides practical insights and tools to help your tax function thrive amid uncertainty.
In a significant ruling, the High Court of Australia has dismissed the Commissioner of Taxation’s appeal against PepsiCo, finding there to be no royalty withholding tax liability and no application of the diverted profits tax.
KPMG’s labour market analysis highlights statistics in the sub-markets that contribute to Australia’s overall unemployment numbers.
The results show a continued pattern of deflation across the Australian economy, both at a headline and from a core inflation perspective, as detailed by KPMG Australia Chief Economist Brendan Rynne.
KPMG analysis shows a rebound in the number of part-time workers, as Australians look to balance their professional and personal lives.
The improvement in private sector growth is a positive sign, but a sustained upswing is heavily dependent on productivity growth, writes KPMG Australia Chief Economist Brendan Rynne.
The decline in growth reflects the slowing economy, although with CPI down to 2.4 percent, the figures at least represent modest real wage growth, writes Terry Rawnsley.
Inflation is trending down, but it is extremely difficult to get a good read on where inflation is tracking now and whether it will be sustainably inside the RBA’s target range, writes Michael Malakellis.
KPMG’s labour market analysis highlights statistics in the sub-markets that contribute to Australia’s overall unemployment numbers.
Director Catherine Ommundson discusses what Top 100 and Top 1,000 taxpayers can do to prepare for the Australian Taxation Office's (ATO) new supplementary annual reporting requirement.
Our central view continues to be that the RBA will not need to raise rates further, but that rates cuts will be unlikely before next year, writes KPMG Australia Senior Economist Michael Malakellis.
KPMG has lodged a submission to the Senate Economics Legislation Committee regarding the proposed tax offset, which builds on a concept originally developed by Foodbank Australia and modelled by KPMG.
While wages growth in the private sector softened this quarter, the real story is the public sector, where wages rose slightly and now contribute 25 percent of overall wage growth this quarter, writes KPMG Australia Chief Economist Brendan Rynne.
In the latest development, the Commissioner has filed an application for special leave to appeal the recent Full Federal Court decision in PepsiCo, Inc v Commissioner of Taxation [2024] FCAFC 86 to the High Court of Australia.
