A Federal Court decision in Shell Energy Holdings Australia Ltd v Commissioner of Taxation [2026] FCA 577, has clarified that market value for CGT purposes must reflect the real-world characteristics of a large shareholding, as highlighted by James Alsop, Steve Plant, Allan Szostak and Alexandra Macolino.
From a multinational tax perspective, the measures reinforce a continued alignment with global reform settings, and a more targeted approach to taxing economic activity connected to Australia.
This episode explores the 2026 Federal Budget’s key tax reforms, the economic outlook and business impacts across housing, investment and national resilience.
The result is a jobs number that looks better on paper than it feels to most workers, hence the ongoing anxiety consumers are expressing in consumer attitude surveys, as outlined by KPMG US Chief Economist Diane Swonk.
This episode explores the 2026 Federal Budget’s key tax reforms, the economic outlook and business impacts across housing, investment and national resilience.
Taxpayers who fall outside their relevant low risk zone can expect some form of ongoing monitoring and compliance activity on their inbound distribution transfer pricing arrangements.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
Economic growth exceeded expectations in late 2025, though momentum remains fragile and heavily reliant on public demand, with weak private activity, subdued productivity and soft household consumption.
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.
The Regulator has increased enforcement, issued penalties, published non-compliance and tightened expectations around data quality and reporting accuracy.
KPMG Senior Manager Sam Gathercole highlights common vehicle-related FBT risk areas, including misapplied electric vehicle and tool of trade exemptions, and explains how to review your fleet to avoid unexpected FBT liabilities.
Taxpayers who fall outside their relevant low risk zone can expect some form of ongoing monitoring and compliance activity on their inbound distribution transfer pricing arrangements.
KPMG Tax Analytics and Automation Partner Barry Sullivan outlines why organisations aren’t just looking for efficiency; they want automation that delivers real insights and supports strategic decisions, not just faster tasks.
A Federal Court decision in Shell Energy Holdings Australia Ltd v Commissioner of Taxation [2026] FCA 577, has clarified that market value for CGT purposes must reflect the real-world characteristics of a large shareholding, as highlighted by James Alsop, Steve Plant, Allan Szostak and Alexandra Macolino.
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.
The WA Budget included four key revenue measures as part of the Housing Taxation Package, with no announced changes to landholder duty, payroll tax or land tax rates and thresholds, as highlighted by Jenny Lee, Jane Crisp and Scott Yun.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
This webinar, to be held on Friday 24 April, will examine the Federal Government’s draft legislation on strengthening the foreign resident capital gains tax regime.
The proposed rules recognise the commercial reality that higher debt levels may be necessary for infrastructure projects which are capital-intensive, as highlighted by KPMG NZ’s Robert Grignon and Emma Baines.
The result is a jobs number that looks better on paper than it feels to most workers, hence the ongoing anxiety consumers are expressing in consumer attitude surveys, as outlined by KPMG US Chief Economist Diane Swonk.
The RBA Board is now realising that maintaining credibility in its inflation fight is more important than remaining fixated on full employment, writes KPMG Australia Chief Economist Brendan Rynne.
The longer the Strait of Hormuz remains shut, the larger the risk that stagflation occurs – a nasty combination of rising inflation, rising unemployment and subdued economic activity, writes KPMG US Senior Economist Ken Kim.
It’s still too early to see the full impact of the Iran war on prices in Australia, with the full picture not likely known until the next quarter at the earliest, writes KPMG Australia Chief Economist Brendan Rynne.
This episode unpacks how FBT operates in Australia and New Zealand, from structural differences and valuation approaches to compliance pain points and reforms reshaping both regimes.
KPMG Partner Hayley Lock outlines why living away from home allowances are treated as fringe benefits, how to identify eligible employees, and the key concessions, limits and disclosure requirements employers need to manage.
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 Senior Manager Sam Gathercole highlights common vehicle-related FBT risk areas, including misapplied electric vehicle and tool of trade exemptions, and explains how to review your fleet to avoid unexpected FBT liabilities.
David P Sofra, Anthony Harmer, Nick Boland, Eli Christodoulou, and Simon Marial provide insights on the Federal Government’s recently announced fuel excise reduction and the implications for businesses claiming fuel tax credits.
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.
Hayley Lock and special guest from Maxxia - Implementation Lead Julien Walter - discuss how employers can demonstrate cost savings by outsourcing salary packaging management.
Maxxia Implementation Lead Julien Walter and Tax and Compliance Manager Sharon Mackenzie-Pringle share insights into how companies typically approach the management of employee benefits in salary packaging programs.
Both budgets reflect minimal disruption to an already disrupted economy, with few changes to existing taxation and revenue settings, as highlighted by Candice Wong, Dorian Beaver, Jacqueline Wood and Benita Siswojo.
The draft legislation includes a retrospective application of up to 20 years to prior CGT events by an expanded definition of real property that will be concerning for many taxpayers.
With the Commissioner’s special leave application to the High Court refused, the observations of the Full Federal Court decision of Geocon provide critical guidance on refunds of excess GST in the context of Division 142 of the GST Act, as highlighted by Rebecca Lawrence, Kristie Schubert and Marko Trifunovski.
Looking at three-month moving averages, hiring, quits and layoffs have remained flat for at least six months to over a year, depending on the indicator, writes KPMG US Senior Economist Matthew Nestler.
From a multinational tax perspective, the measures reinforce a continued alignment with global reform settings, and a more targeted approach to taxing economic activity connected to Australia.
This report analyses how the application of different types of tax incentives may trigger a potential Top-up Tax exposure for MNE Groups in scope of the GloBE rules.
This KPMG International webinar, held on Thursday 26 March, explores clarifications brought by the revised OECD Commentary, as well as remaining unresolved tax issues relating to remote working.
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 report uncovers the complexities that mobility teams and their organisations are facing, and looks at how to respond as the ‘rules of the game’ continue to evolve.
Discussions have focused on economic trends, corporate income tax, the gig economy, and the taxation of employment income for globally mobile workers, as outlined by Ursula Lepporoli and Tom Newsome.
A Federal Court decision in Shell Energy Holdings Australia Ltd v Commissioner of Taxation [2026] FCA 577, has clarified that market value for CGT purposes must reflect the real-world characteristics of a large shareholding, as highlighted by James Alsop, Steve Plant, Allan Szostak and Alexandra Macolino.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
The Commissioner of Taxation v Morton [2026] FCAFC 31 decision has been followed closely by the release of a draft practical compliance guideline, which sets out the ATO’s proposed compliance approach to the application of Part IVA to PDAs.
The Full Court has upheld the Federal Court’s decision that no financial arrangement arose under Division 230 when Tabcorp’s gaming licence expired in 2012, confirming that a right with no real prospect of satisfaction is not a contingent right for TOFA purposes.
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 Tax Analytics and Automation Partner Barry Sullivan outlines why organisations aren’t just looking for efficiency; they want automation that delivers real insights and supports strategic decisions, not just faster tasks.
In this episode, we explore how tax leaders can move beyond AI pilots and productivity gains to unlock real, sustainable value through redesigned workflows, stronger governance and people led transformation.
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.
Carolyn Harvey | Carolyn is a Partner with Tax Transformation, Technology & Managed Services
Stephen Carpenter | Stephen is the National Leader of KPMG Australia's Deal Advisory - Tax practice
Daniel Hodgson | Daniel is a Partner in KPMG Australia's Tax practice, advising multinational companies on all aspects of employee remuneration.
David Sofrà | David Sofrà is National Head of State and Indirect Taxes with KPMG Australia.
James Macky | James specialises in corporate tax and works with clients in the Energy and Natural Resources, retail, wholesale, services and manufacturing sectors.
Jenny Lee | Jenny is a Partner in our Deal Advisory – Tax team, specialising in indirect tax.
John Salvaris | John is a Partner specialising in corporate tax matters for financial services organisations.
Natalie Raju | Natalie is a Partner specialising in corporate tax matters for financial services organisations.
Peter Oliver | Peter is a Partner in KPMG Australia’s International Tax team.
Tim Keeling | Tim is a Partner within our Tax Advisory Services team specialising in Transfer Pricing.
