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30 November 2017
29 May 2017
This section provides access to the most recent BDO press releases.
The US Senate has passed the $US1.5 trillion Tax Cuts and Jobs Act which includes a corporate tax rate cut from 35 to 20 per cent.
Australian Real Estate Investment Trusts (AREITs), who own and operate retail assets, performed poorly for investors and contributed to a 6.3% negative total return over the 2017 financial year – down significantly from 24.6% on the previous year.
Today’s widely anticipated soft launch of e-commerce giant Amazon has brought the spotlight back on GST. Consumers shopping with global online retailers currently don’t have to pay GST on goods under $1,000, however from today Amazon will now become subject to GST as they are Australian-based.
Mark Molesworth, BDO Tax Partner said: “Whilst we welcome the renewed attention on the tax system, we hope this doesn’t turn into a bidding war for votes using the promise of reduced tax rates as an electoral sweetener.
Lance Cunningham, National Tax Director, BDO, said the Federal Government’s Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 is an attempt to be ‘seen as doing something’ about the runaway housing prices and lack of rental accommodation in Australia’s major cities.
BDO Australia, Tax Partner, Carlo Moretti said the net has well and truly closed on people who avoid paying the correct amount of tax in Australia by using off-shore structures and accounts.
Findings from a global survey of almost 15,000* found that compared with five years ago, employees at all stages of their career are now less eager to move to another country for a role.
Treasurer Scott Morrison will today present the latest Productivity Commission (PC) report Shifting the Dial: 5 year productivity review to an expected hostile group of State and Territory Treasurers, in an attempt to resurrect tax reform and improve Commonwealth-State relationships.