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Australia Archive

  • October 2017

    World Tax showcases the world’s top tax firms

    October 02, 2017

    International Tax Review and TP Week are proud to present World Tax 2018 and World Transfer Pricing 2018, the comprehensive guides to the leading tax advisory practices, including law and accountancy firms, around the world. Joe Stanley-Smith, World Tax editor, introduces the guides.

  • Australia: The tax treatment of corporate collective investment vehicle regimes

    October 02, 2017

  • September 2017

    ITR showcases the best women in tax in its latest guide

    September 25, 2017

    The third edition of the Women in Tax Leaders guide has been released, with several new countries and more than 150 new names included this year.

  • August 2017

    The world’s best tax controversy leaders revealed

    August 29, 2017

    The seventh edition of the Tax Controversy Leaders guide has been released, with more than 300 new names and seven additional countries this year.

  • Australia left behind as MNEs chase competitive tax regimes

    August 24, 2017

    Facebook and Microsoft have been forced to change their operating structures in Australia to avoid being caught by tough tax avoidance laws, but could simply amending tax rates and incentivising R&D investment change corporate behaviours voluntarily?

  • Tax risk pendulum: Collaboration vs. uncertainty

    August 23, 2017

    Tax risk is a modern ‘term of art’ perception; this risk can be viewed as a pendulum. Keith Brockman looks at the advantages of corporate collaboration and threats of uncertainty and public distrust.

  • Tax havens: An unnecessary evil?

    August 23, 2017

    The finance ministers of some of the world’s most notorious tax havens believe their countries’ policies are fair, robust and meet international standards. Anjana Haines cuts through the PR to see what role these jurisdictions play in an era of BEPS measures and increasing transparency.

  • Australia: Recent developments

    August 23, 2017

  • Will tax avoidance schemes come to an end?

    August 18, 2017

    Following Chevron’s settlement with the Australian Tax Office (ATO) over its transfer pricing dispute, are governments and the OECD-led global initiatives now taking the appropriate actions to tackle tax avoidance once and for all?

  • July 2017

    New members appointed to Australian Tax Practitioners Board

    July 21, 2017

    Peter de Cure, Ria Sotiropoulos and Julie-Anne Berry have been appointed as part-time members to the Tax Practitioners Board by Kelly O’Dwyer, the Australian minister for revenue and financial services.

  • ATO talks low-value goods exemption removal

    July 19, 2017

    In less than a year, Australia will become the first country to remove its GST exemption on imported low-value goods. International Tax Review spoke exclusively to the Australian Taxation Office (ATO) about how it is preparing for the change, and the increasing collaboration between tax authorities post-BEPS.

  • Tax director 2.0

    July 11, 2017

    Tax work is being transformed by technology, and the role of the tax director is changing with it. Joe Stanley-Smith looks at the new tools on offer to businesses, the skills needed to use them properly, and why companies need to jump on the bandwagon sooner rather than later.

  • Australia: ATO wins appeal on landmark Chevron transfer pricing decision

    July 11, 2017

  • June 2017

    Baker McKenzie appoints 12 partners to its global tax group

    June 30, 2017

    Baker McKenzie has announced the appointment of 12 partners to the firm’s global tax group.

  • Foreign digital suppliers gear up for ‘Netflix tax’ in Australia

    June 29, 2017

    Foreign businesses are making the final preparations for Australia’s GST, which will apply to foreign digital goods and services sold to Australian customers from next month.

  • The world’s best indirect tax leaders revealed

    June 29, 2017

    The sixth edition of the Indirect Tax Leaders guide has been released, with more than 200 new indirect tax leaders recognised around the world.

  • Final week to submit nominations for the Women in Tax Leaders guide

    June 26, 2017

    There are only a few days left to nominate the leading women in the tax advisory world for the third edition of the Women in Tax Leaders guide. The submission period closes on June 30.

  • Are beneficial ownership registers the key to transparency or a waste of time?

    June 21, 2017

    The Financial Action Task Force (FATF) wants to enhance the implementation of international standards on transparency, and enable the exchange of beneficial ownership information. But the Australian Taxation Office’s (ATO) commissioner has declared beneficial ownership registers could be “a waste of time”.

  • Who benefits from carbon tax increases?

    June 08, 2017

    A recent report calls for a global effort to save the planet by introducing high carbon taxes, but will tough tax measures work and who will gain from them?

  • MLI to create long-term uncertainty in tax planning

    June 07, 2017

    The signing ceremony of the OECD multilateral instrument (MLI) is a big step towards implementing tax treaty-related BEPS recommendations, but the potential for governments to ‘cherry-pick’ treaty amendments risks long-term problems.

  • May 2017

    OECD releases peer review criteria for BEPS Action 6

    May 31, 2017

    Governments have six months to prepare before peer reviews begin on how they meet the minimum standards of the BEPS project, including Action 6 on treaty shopping. But tax authorities could face some difficulties in meeting their targets.

  • The Brockman brief: Double taxation: Does it matter?

    May 30, 2017

    There is one topic that is seemingly silent by tax administrations, non-governmental organisations (NGOs), parliamentarians and international tax bodies: double taxation. Keith Brockman reviews the state of play and what can be done to help multinationals.

  • Asia forum shows there is more to tax than BEPS

    May 30, 2017

    BEPS may have been first among the topics for discussion at International Tax Review’s Asia Tax Forum, but it was not the only subject on the list. As Ralph Cunningham reports, panellists and delegates were also keen to discuss issues such as anti-avoidance, dispute resolution and tax incentives in their own countries and elsewhere.

  • Talking to the OECD: Tech disruption in tax administration

    May 30, 2017

    Peter Green, head of the Forum on Tax Administration (FTA) Secretariat at the OECD shares his views with the Inland Revenue Authority of Singapore (IRAS) and International Tax Review on how technology is changing the status quo for many industries and tax administrations with the constant emergence of new technologies and rising taxpayer expectations.

  • Using blockchain for transparent beneficial ownership registers

    May 30, 2017

    The OECD and the Financial Action Task Force (FATF) are considering how to improve implementation of the international standards on transparency, including on the availability of beneficial ownership information and its international exchange. Julia de Jong, Alexander Meyer, and Jeffrey Owens of the Global Tax Policy Centre at the Institute of Austrian and International Tax Law within the Vienna University of Economics and Business explore how blockchain technology could be used to achieve this goal.

  • Vistra acquires Foster Raffan’s compliance division

    May 29, 2017

    Vistra has acquired the compliance division of Foster Raffan, a boutique accounting firm based in Sydney, Australia.

  • Corporate tax compliance burdens are rising despite lower tax rates and more incentives

    May 17, 2017

    Governments worldwide are seeking alternative means to attract businesses as global tax reforms and weak economic growth drive tax rates down, but the tax changes are anything but positive for businesses.

  • Last chance to submit for World Tax and Transfer Pricing 2018

    May 15, 2017

    The submission period for World Tax and World Transfer Pricing 2018 has ended. Firms interested in making submissions should contact their country's researcher immediately if they have missed the deadline.

  • Australia gets even tougher on tackling MNE tax avoidance

    May 09, 2017

    Australian Treasurer Scott Morrison says the government will continue its crackdown on multinationals not paying their ‘fair share’ of tax and announced more targeted measures in his 2017-18 budget speech. He also announced a major levy that will hit the country’s biggest banks.

  • Asia Tax Awards 2017 winners announced

    May 04, 2017

    Twenty eight different firms, individuals and companies shared the prizes at the Asia Tax Awards in Singapore.

  • April 2017

    Chevron’s landmark loss against ATO sets a precedent

    April 28, 2017

    The Australian Tax Office (ATO) will go after other multinationals that it believes to be guilty of tax avoidance after winning a landmark transfer pricing case against global oil and energy company Chevron over shifting profits to the US.

  • Chris Jordan and Ramez Katf appointed as Australian Commissioners of Taxation

    April 27, 2017

    Chris Jordan has been reappointed as the Australian Commissioner of Taxation and Ramez Katf has been appointed as the Second Commissioner of Taxation.

  • Corporates seek stability as uncertainty grows in Asia-Pacific’s tax landscape

    April 26, 2017

    Companies want tax regimes across the Asia-Pacific region to be more consistent and predictable, but believe they are becoming increasingly complicated in countries such as India and China, according to a recent survey.

  • CbCR nears: Reputational risk perceptions

    April 26, 2017

    Country-by-country reporting (CbCR) deadlines are approaching and MNEs are carefully preparing the information and diligence behind the numbers. CbCR brings us to the next phase and Keith Brockman asks how reputational risk will be questioned by the public (if disclosed) and defended or ignored by MNEs and tax administrations.

  • Planning it safe: Less risk and more substance

    April 26, 2017

    Tax planning is adapting to reflect a more transparent and technological world, bringing with it a change in attitudes and new challenges for taxpayers. The decisions made now should not be underestimated as they could have unexpected consequences later.

  • CRS allows taxpayers to avoid detection as loopholes remain

    April 26, 2017

    Financial institutions are busy filing their first reports to tax authorities to comply with the common reporting standard (CRS), but loopholes in the global measure mean some taxpayers can remain undetected. Amelia Schwanke highlights the gaps appearing and the jurisdictions enabling them.

  • Australia: Multinational tax crackdown: Government update on tax audit activities in Australia

    April 26, 2017

  • Will a corporate tax cut attract MNEs to the US and Australia?

    April 12, 2017

    Rio Tinto has called on Australia and the US to cut their corporate tax rates to become more attractive investment locations, and it seems that Australian Prime Minister Malcolm Turnbull is listening. Will the US follow?

  • Rio Tinto to challenge A$447 million Australian tax bill

    April 07, 2017

    The Australian Taxation Office (ATO) has issued tax assessments to seven multinational companies for a total of A$2.9 billion ($2.2 billion) in alleged unpaid taxes. Mining giant Rio Tinto is the first to come forward and says it will challenge the unfair assessment.

  • More headaches for MNEs as Australia’s DPT is enacted

    April 05, 2017

    Multinationals will be subject to Australia’s divert profits tax (DPT) rules from July 1 after the legislation received Royal Assent on April 4. Businesses must pay close attention to the details to avoid hefty fines.

  • March 2017

    Joint international investigation targets tax evasion enablers and Credit Suisse

    March 31, 2017

    A joint international investigation, involving Australia, Germany, the UK and the Netherlands, has led to several arrests and an increase in inquiries against individuals involved in tax evasion that are linked to Swiss bank accounts at Credit Suisse.

  • EU Parliament backs ATAD II to push ahead with hybrid mismatch rules

    March 29, 2017

    The EU Parliament’s Economic and Monetary Affairs Committee (ECON) has accepted proposals to end the use of hybrid mismatch arrangements by multinationals, but has made several amendments to expand the rules.

  • World Tax and World Transfer Pricing submissions open

    March 29, 2017

    The research period for World Tax and World Transfer Pricing 2018 has now begun. Firms interested in making submissions can download the relevant forms from this page.

  • Bridging the digital gap: How tax fits into cryptocurrencies and blockchain development

    March 23, 2017

    The world is on the cusp of a major tax revolution as cryptocurrencies and online distributed ledger technologies, such as blockchain, push financial systems from the physical world to online. Amelia Schwanke speaks to the experts in a roundtable discussion about the tax implications and usage of digital currencies and blockchain.

  • Technology solutions in a post-BEPS world

    March 23, 2017

    There has been a complete paradigm shift in global taxation with the rise in audit risks caused by new global initiatives like the OECD’s BEPS Project. JD Choi, CEO at Tax Technologies, explores the technology solutions that should be administered to mitigate these audit risks in a post-BEPS world.

  • Australia: Recent cross-border developments

    March 23, 2017

  • Webinar: Transfer pricing issues for MNEs investing in Africa

    March 13, 2017

    Recent studies show that the African continent is attracting a growing amount of investments from foreign multinational enterprises. BonelliErede and International Tax Review will provide an overview of the main transfer pricing issues to consider for structuring investments into selected countries.

  • Asia Tax Awards 2017 nominees announced

    March 08, 2017

    Fierce competition is guaranteed for all the prizes after the announcement of the shortlists for the Asia Tax Awards 2017.

  • February 2017

    GE/PwC deal advances trend to outsource tax functions

    February 28, 2017

    With corporations meeting the demands of rapidly changing regulations, increased audits, and new tax technology functions, some are overwhelmed with how much tax is influencing their business strategy – leading to a number of outsourcing arrangements. Amelia Schwanke explores whether General Electric (GE) and PwC’s recent agreement has ignited a new trend for outsourcing a business’s tax function

  • Inside M&A: Welcome to the Tax Transactional Survey 2017

    February 28, 2017

    International Tax Review’s flagship tax transactional feature looks at the global M&A market during 2016, explores the tax trends in major deals that may continue into 2017, and provides a breakdown of the leading firms in transactional advice across multiple jurisdictions.

  • Australia: Australian government submits DPT Bill to parliament

    February 28, 2017

  • Nominations open for Tax Controversy Leaders guide

    February 27, 2017

    The research period for the seventh edition of International Tax Review’s Tax Controversy Leaders guide has begun.

  • Nominations open for Indirect Tax Leaders guide

    February 13, 2017

    The research period for the sixth edition of International Tax Review's Indirect Tax Leaders guide has begun.

  • January 2017

    Final days to vote for the top tax transactional and tax planning firms

    January 26, 2017

    Two forthcoming issues of International Tax Review will include surveys of the leading tax transactional (March) and tax planning firms (May) around the world. This is your opportunity to vote.

  • The Brockman brief: Leadership attributes: developing relationships

    January 25, 2017

    Tax professionals from all areas of the tax sphere need to move outside their comforts zone to grasp the opportunities available and boost skills. Keith Brockman highlights the need for internal and external networking that could offer previously unknown possibilities.

  • M&A considerations for 2017: Don’t let tax derail the deal

    January 25, 2017

    Tax considerations will never make a deal, but they certainly can break a deal. Laurence Field, a senior tax and corporate business partner at national audit, tax and advisory firm Crowe Clark Whitehill, reflects on the M&A tax landscape that evolved through 2016 and looks ahead to assess what businesses need to know if they are planning to get a transaction over the line in 2017.

  • Australia’s initial approach to the OECD BEPS Multilateral Instrument

    January 25, 2017

    Following the release of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on November 24 2016, the Australian government has released a consultation paper on the potential impacts of Australia becoming party to the MLI.

  • The Asia Tax Awards 2017: Enter your firm now

    January 06, 2017

    Companies, firms and individuals in 18 jurisdictions are eligible to compete for the Asia Tax Awards 2017.

International Tax Review Profile

RT @CBItweets: UK needs a Budget that enables the country to grow its way out of austerity. Here are 5 business priorities https://t.co/CAw

Oct 19 2017 09:19 ·  reply ·  retweet ·  favourite
International Tax Review Profile

This year's World Tax directory is now online. How does your firm stack up? https://t.co/CtRbW1Ub5j

Oct 19 2017 09:13 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Let's honour the #memory of a brave #journalist and woman ➡️ vigil tomorrow, 18 Oct, 6pm, in front of Residence Palace #Da…

Oct 18 2017 04:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Big Soda scores victory as Chicago-area tax repealed - could this be the beginning of the end of the sugar tax trend?https://t.co/PNuafWHy9K

Oct 12 2017 04:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Ebay and Netflix pay total UK tax of less than £1.9m - How long until HMRC investigate their TP practices? https://t.co/VPPsT3aGMZ via @FT

Oct 12 2017 03:59 ·  reply ·  retweet ·  favourite
International Correspondents