Indirect tax issues have been a point of contention in Australian politics ever since former Prime Minister Julia Gillard went back on her pre-election promise not to introduce a carbon tax. A new government has now taken office, and the removal of Gillard’s carbon pricing mechanism and minerals resource rent tax (MRRT) will be high on its agenda.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran