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Australia News - Business, Taxation & Offshore




Shorten Calls For Review Of 'Faults' In Aus Tax System

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

Last updated 46 hours ago | Wednesday, July 26, 2017

Australian Labor Party leader Bill Shorten has argued that Australia needs to "look at the growing and old faults lurking" in its tax system. Read Full Story

 

Aus GST Distribution System 'Hurting Mining States'

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

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 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

 

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

 

 

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