A change in government means a change in policy. Australians went to the polls on September 7 to elect a new federal government and it is clear the previous Labor government will be replaced by a coalition formed by the Liberal and National parties. Tax policy was a key division between the parties pre-election, so taxpayers should prepare for changes.
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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