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Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Personal tax cuts are shaping up as a likely Federal Budget centrepiece, but the question of how exactly they'll be funded is still anyone's guess. Terry Hayes, Tax Consultant to Thomson Reuters, looks beyond the simple revenue loss equation to understand why they could be a 2018-19 budget certainty, despite the finance question. … Read More

Transfer pricing lessons from Chevron case

Transfer pricing lessons from Chevron case

The Federal Court has recently delivered its long-awaited transfer pricing decision in Chevron Australia Holdings Pty Ltd v FCT (No 4) [2015] FCA 1092. The ATO won on all the major issues (except the currency of the borrowing), though not on all of the many issues argued in the case. The case and the judgment of Robertson J […] … Read More