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The Australian Taxation Office has issued guidance on changes to the spouse tax offset that will enter into force on July 1. Read Full Story
The Inland Revenue of Singapore has released an update to its guide on the goods and services tax treatment of fringe benefits. Read Full Story
The Fraser Institute, a Canadian think tank, has released a study that is said to debunk a long-held misperception in public policy debates about who ultimately bears the burden of business taxes. Read Full Story
New Zealand's Inland Revenue Department has clarified that the fringe benefit tax does not apply to car parking spaces provided to employees by their employers. Read Full Story
The South African National Treasury has released, for urgent consultation, amendments to provisions of the 2015 Taxation Laws Amendment Bill (2015 TLAB) that are intended to ensure the consistent tax treatment of all retirement funds, whether they are provident, pension, or retirement annuity funds. Read Full Story
Banks paid AUD13.7bn (USD10.1bn) in taxes to Australian governments in 2014, more than any other industry, according to a new report by the Australian Bankers' Association. Read Full Story
A Senate Committee in Australia has released a new report that recommends that the Australian Tax Office should replace its ruling on the goods and services tax treatment of virtual currencies, such as Bitcoin, with a ruling that treats such currencies in the same manner as traditional currency. Read Full Story
Professional services firm KPMG has made more than 60 recommendations for reform of the Australian tax system, including an increased goods and services tax rate and base, and the linking of personal income tax thresholds to average full-time earnings. Read Full Story
The Australian Government has introduced legislation to implement a small business "tax discount" and a new deduction for start-up expenses. It will also reduce red tape within the fringe benefits tax system. Read Full Story
"Australia's current tax system inhibits growth and stifles entrepreneurialism and innovation," Andrew Conway, the Chief Executive of the Institute of Public Accountants, has said. Read Full Story
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