The Albanese government is facing calls to scrap or fundamentally rework key parts of its proposed changes to the R&D tax incentive to avoid undermining Australia’s vibrant deep tech...
Tax
Posted on
| by Justin Hendry
Some of Australia’s biggest tech companies and data centre operators paid no corporate tax in 2024-25, while others handed over a relatively small share of their taxable income, new...
Posted on
| by Justin Hendry
Growth in research and development tax incentive claims slowed sharply in 2023-24, new data from the Australian Taxation Office reveals, following a sharp increase of $5 billion that followed...
Posted on
| by David Allen
Opposition frontbencher Andrew Bragg has put tech multinationals in the crosshairs of a future Coalition clampdown on tax minimisation, saying past efforts by his party to stop companies offshoring...
Posted on
| by Joseph Brookes
Only a tiny fraction of the 14,000 claims for innovation tax incentives last year were fully audited, the Senate heard on Wednesday, amid concerns about rorting and “pathetic” penalties....
Posted on
| by Joseph Brookes
Gambling and Tobacco firms will no longer be able to claim generous innovation tax breaks and could be stripped of claims made this year under proposed amendments to tax...
Posted on
| by Joseph Brookes
Treasurer Jim Chalmers’ backdown on taxing unrealised gains in large super funds has been hailed by the tech sector and investors as a win for innovation, but sets up...
Posted on
| by Joseph Brookes
The biggest tech suppliers to Australian governments are paying almost no tax relative to soaring local revenues, transparency data has again shown, amid growing calls for a revenue tax...
Posted on
| by James Riley
Federal teal independent MP Allegra Spender has called for the Albanese government to impose a revenue-based Digital Services Tax on Big Tech multinationals to protect the nation’s tax base....
Posted on
| by Joseph Brookes
Half a dozen external procurement advisers were paid $88 million to assist the tax office with sourcing its major IT managed services, after the deals blew out more than...
Posted on
| by Trish Everingham
Consulting giant KPMG says Australia’s biggest innovation incentive is too complex and outdated, with its administrative burdens acting as a handbrake on the strategic industries policy makers want to...
Posted on
| by Justin Hendry
The federal government will bring in outside help from the private sector to help its three-person advisory board assess applications under the tax offset scheme for video game developers....
Posted on
| by Justin Hendry
After a meteoric rise in tax breaks for companies undertaking research and development in Australia, payments are set to fall by almost $650 million over the next five years....
Posted on
| by Justin Hendry
Google, Amazon and other major digital platforms would be hit with an annual 3 per cent tax on their revenue in Australia by default under a Greens proposal to...