Tag: tax

RDTI growth outpaced Industry dept projections by $860m

Posted on   |  by Brandon How
The value of Australia’s research and development tax incentive exceeded Industry department estimates by almost $860 million last financial year as companies flocked to the scheme for relief amid...

Govt’s global tax floor to hit tech titans

Posted on   |  by Joseph Brookes
Landmark legislation introduced on Thursday could see digital platforms giants like Google and some of the government’s biggest tech suppliers forced to “top up” their local tax bill if...

NSW govt’s use of consultants to be scrutinised

Posted on   |  by Justin Hendry
A parliamentary inquiry will scrutinise the heavy reliance on consultants by the New South Wales government in the wake of the PwC tax leaks scandal engulfing the Commonwealth. The...

NSW developing trust breach law after PwC scandal

Posted on   |  by Joseph Brookes
Consultants and advisers that breach government trust in New South Wales face multi-million dollar fines and shadow bans under changes being developed by the Minns government. Other state and...

Tax critical minerals exports to build sovereign capability: AWU

Posted on   |  by Brandon How
A “significant, punitive tax” on critical minerals exports should be implemented to encourage the development of domestic processing and generate revenue for investments across the value chain, according to...

Budget boost for ATO’s multinational tax tilt

Posted on   |  by Joseph Brookes
The Tax Office has been armed with $111 million to implement a new minimum tax rate targeted at tax dodging multinationals. The government is expected to collect more than...

Tech giants in govt’s tax reform firing line

Posted on   |  by Joseph Brookes
Tech giants moving the “apparent location” of their “bits and bytes” production to minimise tax will face tighter rules under the Albanese government’s multinational tax reform package, which took...