In this article, Hayley Lock, Stacey Biggar and Sam Gathercole provide a full recap of major employment tax developments in 2024 with quick links to feature articles and podcasts perfect for poolside perusal.
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.
Over the longer term, to keep control of our public finances, hard decisions will need to be made about cutting spending and/or increasing revenues, writes KPMG Australia’s Chief Economist Brendan Rynne.
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been enacted, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Amanda Maguire.
With the Australian legislation introducing new mandatory public tax transparency reporting having passed Federal Parliament, organisations will need to consider appropriate actions to respond to the new requirements, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Katryne Chia.
This decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
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?
With two significant cross-border financing cases handed down in favour of the Commissioner, Tim Keeling and Keith Swan discuss how the ATO have reacted to these cases and why the importance of evidence cannot be understated.
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been enacted, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Amanda Maguire.
With the Australian legislation introducing new mandatory public tax transparency reporting having passed Federal Parliament, organisations will need to consider appropriate actions to respond to the new requirements, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Katryne Chia.
The ATO reiterated the importance of tax governance processes, noting basic tax errors would decrease through the implementation of a documented tax governance framework, as discussed by Keith Swan, Belinda Cheesewright, Blake Indian, Aylin Harapoz and Sydney Karampour.
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.
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.
Taxpayers that are considering undertaking restructures or refinances in relation to debt, should review the guidance against their own circumstances to identify the risk that the ATO will seek to apply the anti-avoidance provisions, as outlined by Stephen Carpenter, Katrina Piva, Josh Cardwell, Matt Ervin and Amanda Maguire.
As detailed by Stephen Carpenter, Hannah Hesse, Stacey Hannam and Tom Beddoe, care needs to be taken with the new provisions in relation to franking credits when there has been or will be a capital raise.
As outlined by Sarah Shaw, the Victorian Government has introduced several state taxation measures, some of which have now commenced from October 2024.
Over the longer term, to keep control of our public finances, hard decisions will need to be made about cutting spending and/or increasing revenues, writes KPMG Australia’s Chief Economist Brendan Rynne.
Importantly, in seasonally adjusted terms, all this employment growth was driven by full-time jobs; this has been fuelled by elevated levels of public spending, writes KPMG Chief Economist Brendan Rynne.
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?
While demand-driven factors are now contributing less to inflation than at any time in the post-COVID-19 period, and are in fact back in line with ‘normal settings’, the supply side of the economy is still problematic, writes KPMG Chief Economist Brendan Rynne.
In this article, Hayley Lock, Stacey Biggar and Sam Gathercole provide a full recap of major employment tax developments in 2024 with quick links to feature articles and podcasts perfect for poolside perusal.
This webinar, to be held on Wednesday 4 December 2024, will feature a panel of KPMG Global Mobility professionals who will share the results and trends from the newly released report.
This webinar, held on Thursday 21 November, reviewed recent changes to legislation, emerging issues regarding superannuation and SMSFs, and what this means for planning for your retirement and succession.
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 decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
This webinar, to be held on Wednesday 4 December 2024, will feature a panel of KPMG Global Mobility professionals who will share the results and trends from the newly released report.
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.
Indirect Tax Partner Jacqui Hardwick discusses the Australian Taxation Office's new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers.
Jacqui Hardwick and Catherine Ommundson discuss the Australian Taxation Office's (ATO) new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers and what guidance is available to assist organisations to comply.
As outlined by Sarah Shaw, the Victorian Government has introduced several state taxation measures, some of which have now commenced from October 2024.
The legislation to implement mandatory public disclosures of country-by-country tax information for multinational groups has been enacted, as outlined by Phil Beswick, Alia Lum, Tim Keeling, Sean Madden and Amanda Maguire.
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
The changes, to be implemented after 1 January 2025, may mean affected entities are required to lodge additional country-by-country reporting statements, as outlined by Jane Rolfe and Aaron Yeo.
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?
This webinar, to be held on Thursday 19 December 2024, will delve beneath the headlines and explore the implications of these developments and address the concerns businesses may have in the new trade environment we are entering.
The ‘New world, Be brave’ publication series distils the experience and insights of Global Mobility professionals of KPMG member firms on some of today’s most pressing issues — along with innovative ways of addressing them.
In this article, Hayley Lock, Stacey Biggar and Sam Gathercole provide a full recap of major employment tax developments in 2024 with quick links to feature articles and podcasts perfect for poolside perusal.
This decision was insightful as it sets out a number of details found, by the Federal Court of Australia, to be a ‘tax exploitation scheme’, as detailed by Mukul Relan, David Vuong, Melissa Bader, and Georgia King-Siem.
This episode explores how companies are meeting their tax obligations when it comes to intangible assets, such as software royalties, what cross-border issues are arising and the current level of activity and guidance coming from tax administrators.
The ATO reiterated the importance of tax governance processes, noting basic tax errors would decrease through the implementation of a documented tax governance framework, as discussed by Keith Swan, Belinda Cheesewright, Blake Indian, Aylin Harapoz and Sydney Karampour.
KPMG firms are integrating AI into Audit, Tax and Advisory solutions as well as exploring practical use cases that have been designed to accelerate and enhance organizations’ audit processes, tax transparency and reporting obligations and meet clients’ ambitious business transformation objectives.
Businesses should determine how they may be affected by the DST rules, including considering the accounting implications regarding their obligations under this new tax law.
