Large employers are worried Australia’s corporate tax cut of one-and-a-half percentage points will be pushed back from its scheduled July 1 implementation date, prompting the Business Council of Australia (BCA), which is made up of the chief executive officers of the country’s 100 biggest companies, to call on the government to quickly move onto the issue of tax reform.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap