This webinar, held on 7 October, shares fresh insights on the tax initiatives poised to have the greatest impact for financial services in the European Union.
For businesses operating in either or both jurisdictions, these developments should prompt a review of cross-border software arrangements, including historical payments where relevant.
This webinar, to be held on Tuesday 20 October, will examine the draft legislation on implementing a 30 percent minimum tax on discretionary trusts.
Although somewhat limited in their scope, the draft guidance provides further insight into what dealings with crypto assets will potentially give rise to CGT consequences, as detailed by Julian Humphrey, Sagar Joshi and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.
Overall, the proposed legislation contains several measures that should improve cashflow, reduce compliance costs and complexity.
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.
This report includes KPMG analysis and observations on the latest package from the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting.
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.
The draft package includes a new electable regime that aims to provide some trusts with relief from the application of the minimum tax without undertaking a restructure, as highlighted by Julian Humphrey and Amanda Maguire.
Designing resilient tax systems in a volatile world; how tax systems can respond to an increasingly volatile and fragmented geopolitical environment.
Settlement deeds are a common feature of tax disputes; Egan v Commonwealth of Australia is a reminder that they are also difficult to escape, as highlighted by Kristie Schubert and Alex Macolino.
The draft legislation represents the first set of amendments to the enacted legislation, as highlighted by Jennifer Kwok, Ethan Zuo, Julian Humphrey and Amanda Maguire.
The Federal Court’s decision in Lewis v Commissioner of Taxation (Amendment Application) [2026] FCA 1111 serves as a timely reminder that taxpayers challenging an ATO assessment must do more than demonstrate the Commissioner was wrong, they must also prove what the correct assessment should be in order to succeed.
KPMG International convened a virtual roundtable as part of the Global Responsible Tax Program to explore the evolving trajectory of Pillar Two and its implications for global tax cooperation.
New financial reporting requirements will require some not-for-profits to prepare general purpose financial statements.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
The introduction of the Innovative Business CGT Concession would be a means of encouraging early investment in innovative activity.
There remains little consensus among economists, policymakers or businesses on how AI and automation will affect economies over time.
With the sad passing of Grant Wardell-Johnson this month, we reflect on his huge contribution to society and the tax profession.
Proposed CGT reforms add significant complexity and, by mandating how capital losses must be applied, effectively dilute the value of the CGT discount for pre 30 June 2027 gains, as highlighted by Julian Humphrey, Alia Lum, Brent Murphy and Amanda Maguire.
New Zealand’s 2026 Budget has delivered a collection of reforms, some of which align to what we were expecting and some of which are a complete surprise.
The first tranche of the Federal Government’s tax reforms, including replacing the CGT discount with indexation, introducing a minimum tax on capital gains and restricting negative gearing for residential property.
This review is essential to independently determining whether the rules operate and produce outcomes in line with their intended policy objectives.
This article continues our series, including discussion on how the transition from the CGT discount to indexation will be implemented.
What to look out for in terms of how Treasury has implemented the principles set out in the Budget night ‘Tax Explainers’.
With the legislation expected to be introduced to Parliament in the next two weeks, we will see the mechanism chosen by Treasury to effect this change, as highlighted by Julian Humphrey, Brent Murphy, Alia Lum and Amanda Maguire.
KPMG’s annual, in depth super industry analysis shares comprehensive insights, data and trends affecting the superannuation industry.
This webinar, held on Wednesday 13 May, features analysis of the 2026 Australian Federal Budget.
This episode explores the 2026 Federal Budget’s key tax reforms, the economic outlook and business impacts across housing, investment and national resilience.
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 Super Tax News covers the latest key superannuation tax updates.
US Customs and Border Protection is developing new functionality to automate tariff refunds to eligible importers, as highlighted by Daniel Rae and Jake Callaghan.
One of the amendments to the proposed legislation will help further de-risk an employer’s decision to allow remote working from New Zealand, writes KPMG NZ’s Rachel Piper.
This KPMG International webinar, held on Friday 6 March, provides analysis of different approaches to greenwashing regulation from jurisdictions around the world.
These new developments should serve as a call to action, given the first Pillar Two filings are due soon, as highlighted by Alia Lum and Amanda Maguire.
The review will assess whether the amendments are operating in a manner consistent with the policy intent, as highlighted by Julian Humphrey and Amanda Maguire.
The final recommendations are largely consistent with the Productivity Commission’s interim report, including that Australia shift to a hybrid corporate tax system, as outlined by Alia Lum, Julian Humphrey and Amanda Maguire.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
The submission to the Board of Taxation highlights key areas where current administrative and compliance requirements impose unnecessary complexity and cost on taxpayers, without delivering commensurate benefits.
Participants of KPMG’s T-Suite program discuss the role the tax function can play and how collaboration across organisations can enhance outcomes.
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.
The ATO continues to focus on a number of concerns that are related to amounts reportable on the annual withholding report, as highlighted by Julian Humphrey and Amanda Maguire.
KPMG’s submission in response to the Productivity Commission’s report on creating a more dynamic and resilient economy.
The proposed change is aimed at taking NZ tax out of the equation for those who may choose to spend some time in the country, including as part of a “remote working” arrangement, as detailed by Darshan Elwela.
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.
The PCG outlines the ATO’s compliance guidance on the application of the general anti-avoidance rule and the debt deduction creation rules.
KPMG’s submission in response to Treasury’s Economic Reform Roundtable consultation.
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.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
This webinar, held on 11 June 2025, discusses key financial and strategic matters that may affect your business and personal wealth.
The statement includes updated requirements around foreign income tax offsets in relation to foreign capital gains, in light of the Burton decision, as highlighted by Natalie Raju and Edward Tweddle.
KPMG’s submission to the Productivity Commission explores the ‘support business investment through corporate tax reform’ policy reform area.
The introduction of the long-awaited amendments to the corporate residency rules would help to reduce the administrative burden on corporate groups, write Julian Humphrey, Denis Larkin and James Macky.
The key changes proposed by the Board of Taxation appear reasonable given the evolved transparency landscape, as detailed by Phil Beswick, Sean Madden, Val Misiura, Amanda Maguire and Katryne Chia.
The potential breadth of the rules for significant global entities, foreshadowed in the 2024-25 MYEFO announcement, raises a number of questions on how they would be implemented, as outlined by Julian Humphrey, Denis Larkin, John Fulton and Ethan Zuo.
With 1 July 2025 approaching, James Alsop and Aylin Harapoz explore the impact of new measures aimed at reducing collectable debt owed to the ATO.
2025 is set to be a year in which Pillar Two becomes ever more ‘real’, with a second ‘wave’ of jurisdictions placing their Pillar Two rules into effect.
Prior to the 2025 Federal Budget, KPMG surveyed private, mid-market and family businesses to gauge economic sentiment and budget concerns.
KPMG is sad to share that Richard Buchanan passed away at the age of 78.
Family groups should review the status of their group’s family trust elections and interposed entity elections and consider if their distribution practices are consistent with the elections made, as detailed by Belinda Cheesewright, James Macky and Blake Indian.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
As both major Australian political parties announce some new tax policies ahead of the election, several tax bills introduced in the previous term have now lapsed, as outlined by Alia Lum and Amanda Maguire.
David Linke discusses how the business environment and direction of tax policy is likely to evolve in the years to come.
Caroline Conway provides a summary of the main items discussed at the UN meeting, and their potential implications for taxpayers.
This virtual event, held on Wednesday 26 March, explores topics from personal and business tax., to banking, infrastructure, health, and climate change.
KPMG Corporate Tax Partner Gabby Burcul and Enterprise Tax Partner Clive Bird discuss the measures announced in the Federal Government’s 2025 Budget, and in particular, what they mean for business.
This report seeks to provide an informative and insightful analysis of how these developments are influencing tax functions and how the business environment and direction of tax policy is likely to evolve in the years to come.
The judgement in Tabcorp considers the application of the Taxation of Financial Arrangements (TOFA) rules to an arrangement that becomes a TOFA ‘financial arrangement’ once all the non-cash settlable rights and obligations in the arrangement have been satisfied.
The Bill, which includes changes to specific eligibility criteria to be a Portfolio Investment Entity, has been modified in response to public submissions, as outlined by KPMG NZ’s Darshana Elwela and Rachel Piper.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
Although the Federal Government’s MYEFO did not include any major tax reforms, several tax measures were announced, as outlined by Alia Lum and Amanda Maguire.
This webinar, held on Wednesday 11 December 2024, focuses on BEPS 2.0 in the EU, tax incentives, tax transparency and the key EU direct tax initiatives.
This webinar, held on Thursday 5 December, features guest speakers from the Australian Taxation Office on the Private Wealth Top 500 Program and Next 5000 Program.
This webinar, to be held on Thursday 5 December, will feature guest speakers from the Australian Taxation Office on the Private Wealth Top 500 Program and Next 5000 Program.
This report contains general purpose financial statements illustrating financial reporting requirements in Australia.
This webinar, to be held on Thursday 14 November, will highlight current and emerging tax trends for banking and finance industry professionals.
KPMG’s Super Tax News covers the latest key superannuation tax updates.
This article provides insights into the income tax governance areas that attracted the ATO’s attention in the 2024 findings reports, as highlighted by Phil Beswick and Val Misiura.
The compliance focus guide for foreign (and NZ) headquartered multinationals has been updated to reflect the progress made over the last five years and highlighting top priorities for future compliance activities, as outlined by Darshana Elwela and Polina Belykh.
This webinar, to be held on Friday 4 October, will provide information on various direct, indirect and international tax matters impacting the insurance industry.
Although further detail on tax proposals have been released by Kamala Harris, it remains unclear if she supports the revenue raising proposals in the official tax plan of the Biden-Harris Administration.
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.
There are a number of key tax policy measures included in the legislation, including New Zealand’s implementation of the OECD’s new crypto-asset reporting framework (CARF), as outlined by KPMG NZ’s Darshana Elwela and Rachel Piper.
Alia Lum, Georgie Aley, Amanda Maguire and Jacqui Payne provide an overview of the proposed tax offset under current drafting of the rules.
The UK Chancellor has made a number of tax announcements alongside the outcome of HMT’s public spending audit, as outlined by KPMG UK’s Head of Tax Policy Tim Sarson.
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.
