For businesses operating in either or both jurisdictions, these developments should prompt a review of cross-border software arrangements, including historical payments where relevant.
KPMG welcomes the introduction of the Innovative Business CGT Concession as a means of encouraging early investment in innovative activity.
Although somewhat limited in their scope, the draft guidance provides further insight into what dealings with crypto assets will potentially give rise to CGT consequences, as detailed by Julian Humphrey, Sagar Joshi and Ollie Wrigley.
We explore how Claude is transforming from a conversational AI tool into an agentic digital collaborator capable of redesigning tax processes, automating complex workflows and driving scalable business value.
This article examines the potential benefits and drawbacks of national expat tax regimes as businesses pursue the valuable talent they need to maintain an edge in today’s hypercompetitive global environment.
The finalisation of the Ruling provides certainty as to the ATO's position, albeit not necessarily certainty that will be welcomed by all taxpayers, as detailed by Paul Sorrell, Jeremy Capes, Jennifer Ta and Amanda Maguire.
Growth abroad has been hit harder than inside the US by the Iran conflict and tariffs, while the data centre boom continues, as detailed by KPMG US Senior Economist Benjamin Shoesmith.
As AI adoption in tax matures, the real opportunity lies not in doing tax work faster, but in using AI to strengthen governance, improve decision-making and create lasting strategic value across the organisation.
In the second article of this three-part series, we examine how tax leaders can build an AI-enabled governance framework that balances innovation, compliance and accountability in an evolving regulatory environment.
There remains little consensus among economists, policymakers or businesses on how AI and automation will affect economies over time.
While the Government’s proposed concession for start-up businesses is narrow in design and likely requires further refinement, it will be a welcome form of tax relief for many investors including founders and employees.
KPMG Partner Hayley Lock discusses when an expense payment fringe benefit arises, how it differs from an allowance, and what this means for FBT liability and available exemptions.
Digital Solutions and AI Director Ed Hewings outlines how successful teams are doing it differently, redesigning their processes from the ground up, not trying to fit AI in where it doesn’t belong.
KPMG Partner Priscilla Tang explains when a car parking fringe benefit arises, how the ATO tests and values these benefits, and why accurate tracking and method selection are essential, especially with hybrid working arrangements.
KPMG Tax Analytics and Automation Partner Barry Sullivan says the potential usage of AI in tax functions goes beyond mere efficiency, to provide an understanding of data that’s been hard to leverage in the past.
KPMG’s 2026 Mid-Market Pre-Budget Pulse Check surveyed over 150 mid-market businesses on proposed measures ahead of the Federal Budget.
Tax functions that invest in their people, redesign their processes, and take governance seriously are already seeing meaningful results, as highlighted by Barry Sullivan and Ed Hewings.
Mounting global debt, inflation nearing a settling point, improved growth outlook and geopolitical risks are expected to keep long-term rates elevated.
KPMG’s Global Trade and Customs Services Leader Andrew Siciliano discusses the uncertainty and disruption to companies caused by tariffs, and how they are responding.
AI related issues have emerged as the number one challenge facing Australian business leaders for the year ahead and beyond, according to KPMG Australia’s annual 'Keeping us up at Night' survey.
This edition of Economic Compass explores how trust has eroded both domestically in the United States and globally, with economic anxieties increasing.
Without a robust annual compliance process in place, businesses face a high risk of payroll tax shortfalls, as highlighted by Hayley Lock, Yang Yang, Sam Gathercole and Mik Yamamoto.
The Federal Government’s exposure draft legislation to amend the R&D Tax Incentive excludes certain R&D activities from eligibility and will still enable companies to claim R&D for activities not covered by these exclusions.
The 2025 KPMG Global Mobility Benchmarking Report reveals how forward-thinking mobility leaders are responding to economic uncertainty, geopolitical shifts and disruptive technologies.
Although the agreements primarily impact bilateral trade between these countries and the US, various provisions and statements focus on other tax issues.
KPMG Digital Solutions and AI Director Ed Hewings outlines how the development of Artificial Intelligence will lead to growth in 'digital workers' performing routine tasks.
As outlined by James Alsop, Shalini De Silva, Sakshi Mathur and William Ho, the Full Federal Court has allowed Oracle’s appeal to stay domestic tax proceedings.
What's hype, what's real and what's next? KPMG Tax Analytics and Automation Partner Barry Sullivan, along with Digital Solutions and AI Director Ed Hewings, discuss the breakthroughs in generative models, and where tax functions might benefit from adopting Artificial Intelligence.
The framework aims to connect with global financial markets and promote the effective and sustainable development of Vietnam’s financial sector.
This KPMG International webinar, held on Thursday 26 September, shares pragmatic approaches for using and embedding AI into transfer pricing processes.
This article explores International Financial Reporting Standards accounting for the key provisions affecting businesses under the Trump Administration’s ‘One Big Beautiful Bill’.
This report examines the practical consequences of algorithmic decision-making in tax, including the risk of bias, the problem of black-box models and the regulatory and institutional challenges of maintaining trust, transparency and human oversight.
The draft legislative instrument sets out the circumstances where entities that are subject to Pillar Two are exempt from filing related returns, as highlighted by Alia Lum and Amanda Maguire.
KPMG’s submission in response to Treasury’s Economic Reform Roundtable consultation.
This KPMG International webinar, held on 7 August, explores the implications of recent trade policy changes and the concerns that businesses may have in the new trade environment.
Conrad Turley and Grant Wardell-Johnson discuss the Pillar Two approach for multinational entities in the Asia Pacific region in relation to jurisdictional rules and tax incentives, and how the G7's proposed 'side by side' approach could be implemented.
The release of the draft practical compliance guideline has been highly anticipated in providing greater certainty to taxpayers, as outlined by Paul Sorrell, Jennifer Ta, Jeremy Capes and Amanda Maguire.
Director Rosie Foldvari outlines areas the Australian Taxation Office (ATO) is focussed on, and where organisations are not meeting compliance requirements.
How does your global mobility function stack up? KPMG invites you to participate in the 2025 KPMG Global Mobility Benchmarking Survey.
The “side-by-side” approach would provide for the coexistence of the US system and the Pillar 2 system and would not seek to undermine Pillar 2.
Jacqui Hardwick says the use of the GST analytical tool (GAT) is now effectively enshrined into the supplementary annual GST return.
The announcement is a welcome development which will reduce the compliance burden on electronic distribution platform operators, as outlined by Jacqueline Hardwick, Catherine Ommundson and Emily Gadzev.
This webinar, held on Tuesday 13 May, brings you up to date with the latest developments in financial reporting.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses the Inclusive Framework meeting in Cape Town in April 2025.
In this submission, KPMG provides insights on some of the underlying assumptions in the Federal Government’s discussion paper and considers how policies and practices can be aligned to effect meaningful change.
Sharp declines in the stock market may start hurting the positive wealth effects from the stock market boom over the past few years, which boosted consumption at the high end, as outlined by KPMG US Senior Economist Matthew Nestler.
As part of the ongoing series of Demystifying Chinese Investment in Australia by KPMG and The University of Sydney, the April 2025 report analyses Chinese Overseas Direct Investment (ODI) into Australia in calendar year 2024.
Caroline Conway provides a summary of the main items discussed at the UN meeting, and their potential implications for taxpayers.
Thomson Reuters' ONESOURCE FBT Solution Product and Proposition Manager Amesh De Silva outlines some action areas for businesses as they prepare for the 2025 FBT season.
In this series of four articles, the Australia Geopolitics Hub will analyse how President-elect Trump’s policy pronouncements could reshape the geopolitical map, and ask, what does that mean for Australia and Australian businesses?
The measures contained in India’s 2025-2026 budget are related to direct and indirect tax, transfer pricing and customs duties.
KPMG Australia Tax Policy Lead Alia Lum speaks with the former Deputy Director for the OECD Centre for Tax Policy and Administration - turned KPMG Consulting Partner - David Bradbury, as they discuss the OECD/G20 Inclusive Framework's efforts in developing a global tax agreement among member countries and what the future may hold for BEPS 2.0.
KPMG International Global Head of Tax Policy Grant Wardell-Johnson discusses artificial intelligence (AI) and its use in taxation matters.
KPMG's submission to the Department of Industry, Science and Resources on the introduction of mandatory guardrails for AI in high-risk settings.
KPMG’s survey reveals most CEOs are showing resilience in a sluggish economy and looking past the next six months to a brighter two to three years after that.
As today’s businesses fight for talent amid labour shortages and rising wage demands, Global Mobility teams need to embrace bold new ways of thinking to boost their employer’s brand.
The release of R&D tax claim information may be of interest to your industry peers and may lead some companies to review the nature of their activities and claims, as outlined by Georgia King-Siem and Craig Jack.
While the draft ruling is on software arrangements, the ATO is expected to apply some of the principles conveyed to a broader range of transactions, as detailed by Paul Sorrell, Jennifer Ta and Amanda Maguire.
