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Stories that are tagged 'Australia'




Aus GST Distribution System 'Hurting Mining States'

by Mary Swire, Tax-news.com, Hong Kong

Last updated 29 hours ago | Monday, July 24, 2017

The Minerals Council of Australia has said that under the current distribution system, Western Australia loses more in goods and services tax than it collects in iron ore royalties. Read Full Story

 

Australia Introduces Excise Duty Break For Distillers

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 21, 2017

The Australian Government has announced that a new excise duty refund for distillers entered into force on July 1. Read Full Story

 

Australia Announces Housing Tax Breaks

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 21, 2017

The Australian Government has unveiled a package of housing tax breaks, including a new scheme for first-time buyers, a superannuation incentive for downsizers, and tighter rules for foreign residents. Read Full Story

 

Australian Productivity Commission Warns Against Protectionism

by Mary Swire, Tax-news.com, Hong Kong

Thursday, July 20, 2017

An upsurge in global protectionism could result in the loss of 100,000 Australian jobs and see the average Australian household worse off by nearly AUD1,500 (USD1,188) a year, according to a new report by the Productivity Commission. Read Full Story

 

Australia Improves Financial Services Tax Regime

by Mary Swire, Tax-news.com, Hong Kong

Wednesday, July 19, 2017

The Australian Government has moved to clarify the tax treatment of foreign investors, following concerns over the practical operation of the Investment Manager Regime and the new tax system for managed investment trusts. Read Full Story

 

Australia Consults On Tightening Asset Tax Relief

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 14, 2017

The Australian Government has published draft legislation that will tighten the rules around travel expenses for property investors and limit depreciation deductions for certain plant and equipment used in residential investment properties. Read Full Story

 

Australia To Close Super Guarantee Loophole

by Mary Swire, Tax-news.com, Hong Kong

Friday, July 14, 2017

The Australian Government has said it intends to close a superannuation guarantee loophole that affects employees who make salary sacrifice contributions into their superannuation accounts. Read Full Story

 

EU Tax Burden Steady In 2015, At 38.7pc Of GDP

by Ulrika Lomas, Tax-news.com, Brussels

Friday, July 14, 2017

The European Commission has published its annual taxation trends report. Read Full Story

 

TPP11 Explore Plan B Agreement In Japan

by Mary Swire, Tax-News.com, Hong Kong

Thursday, July 13, 2017

Following agreement reached by the remaining signatories to the Trans-Pacific Partnership earlier this year to push ahead following US President Donald Trump's withdrawal of the United States from the pact, Japan has taken the lead with regard to formulating a plan B for the agreement. Read Full Story

 

ATO Seeks To Reassure Taxpayers Over Online Systems

by Mary Swire, Tax-news.com, Hong Kong

Thursday, July 13, 2017

The Australian Taxation Office has explained the causes for recent problems with its online systems, and stressed that it is trying to minimize the risk of such incidents occurring again. Read Full Story

 

 

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