SMSF trustees are entering into LRBAs, but there is still some uncertainty with respect to associated taxation issues.

The government intends to ensure the FBT "exemption" for cars is targeted to actual business use.

The Government will consult with business on the proposed changes to the timing of PAYG instalments for large companies.

On 20 April 2011, the Government announced that it will delay proposed tax breaks for environmentally friendly improvements to green buildings. The proposed scheme will now commence on 1 July 2012, 12 months later than originally proposed. The Government has indicated that it requires further time to consult with the industry.

The AAT upheld a 50% penalty to a taxpayer for ‘recklessness’ in claiming deductions that could not be substantiated.

The national accounts released on December 5 showed that the Australian economy grew by 0.5% in the September quarter.

The guide aims to provide general information for persons contemplating doing business or to live and work in Australia.

On 13 October 2010, the Board of Taxation (the "BOT") released a discussion paper entitled "Review of the Taxation Treatment of Islamic Finance". The discussion paper was released subsequent to the Government’s request for a review ‘in order to ensure that Islamic financial products have parity with conventional products, having regard to their economic substance’.

Last month, the ATO signalled a low tolerance for highly engineered cross-border structures when it dramatically sought to impose tax on TPG’s $1.5 billion profit on the Myer float. In the course of the ATO’s frantic efforts to secure a slice of the Myer millions, it issued two draft determinations last Friday setting out the circumstances in which it will challenge similar private equity arrangements.

This guide summarises some of the key tax planning tips for businesses which should be considered before 30 June 2021.

For many years, Moore Stephens has been providing specialised audit and consulting services to the funds management sector.

The survey is designed to gauge the automotive industry's thoughts and predictions on where the industry is heading.

The 2013-14 budget has once again proven to be a quiet budget for private clients, with few specific measures announced.

The key focus areas for the ATO in 2011/12 include the cash economy, work related deductions and SMSFs.

The ATO has issued a warning to trustees about the perils of lending an SMSF's funds to the wrong person.

Given the NFP sector’s already strong commitment to high standards of governance, in responding to the Federal Government’s Scoping Study for a national not-for-profit regulator we see it as an imperative that any change reduces the sectors current compliance costs so that its ability to focus its limited resources and efforts towards its mission is enhanced. In addition a key goal of any change must see a new regulatory structure being an enabler in adding value to the growing importance of the

New case highlights the requirements of becoming a foreign resident for tax purposes in Australia.

Key economic forecasts released by Treasury from the 2011 Budget. Treasury projections remain very much influenced by the extraordinary resources boom driving record commodity prices and unprecedented levels of investment in mining and energy.

The Rudd Government introduced Tax Laws Amendment (No 1) Bill 2010 (the "Bill") into Parliament. The primary focus of the Bill is to legislate the capital account election for Managed Investments Trusts ("MIT’), which was initially announced in the 2010 Federal Budget.

The Federal Court has recently handed down its decision in International Business Machines Corporation v Commission of Taxation [2011] FCA 335.