Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

How will Australia close the tax gap on the digital economy?

October 29, 2018

Just how to tax the digital economy has been a sore point for the international community since BEPS’ inception.  And it was only one a year ago at the IFA Congress, that the OECD’s Pascal Saint-Amans and IFA President Porus Kaka were both lamenting the continued lack of global consensus on implementing BEPs Action 1. […]

How will Australia close the tax gap on the digital economy?

How will Australia close the tax gap on the digital economy?

Just how to tax the digital economy has been a sore point for the international community since BEPS’ inception.  And it was only one a year ago at the IFA Congress, that the OECD’s Pascal Saint-Amans and IFA President Porus Kaka were both lamenting the continued lack of global consensus on implementing BEPs Action 1. […] … Read More

The Future of the Profession: Building the 21st Century Accountant

The Future of the Profession: Building the 21st Century Accountant

What will the accountant of the future look like? Technology and disruption are at the heart of any debate on the industry’s direction. But just how these will impact the systems, processes, roles and the service value proposition of the profession over the next decade is a fertile line of inquiry. Though one thing is certain, a rethink of the role of the accountant and the industry offering is inevitable. … Read More

Building a technology business case: strategies for tax managers

Building a technology business case: strategies for tax managers

Globalisation and ever-changing regulations have put tax departments under pressure to do more reporting then ever, often with less resources, and old systems and processes. Cross-functional collaboration in an organisation is fundamental in meeting compliance requirements, but it also creates an ideal opportunity to adopt technology for the benefit of everyone. with this in mind, how can you build your case? … Read More

Tax and Accounting in the Digital world – Are you ready?

Tax and Accounting in the Digital world – Are you ready?

The “digital age”  has been one thrilling tech ride from innovation to innovation: PCs, the Internet, mobile devices, VR and AI. The speed of and depth with which these have transformed the way we live, and work is astounding. And yet, we still ask – what’s next? “The future is already here – it’s just […] … Read More

Companies warned over inconsistencies between BEPS filing and public data

Companies warned over inconsistencies between BEPS filing and public data

Australian companies facing their second year of reporting under new anti-tax avoidance laws are being warned to avoid inconsistencies with publicly available business information, reports the Australian Financial Review.  Obligations under the ATO’s base erosion and profit shifting action plan rules (BEPS) include local and country-by-country filing, with fines of up to $525,000 for anyone providing incorrect or […] … Read More

Political chaos pushes down corporate confidence and deters investment

Political chaos pushes down corporate confidence and deters investment

“Corporate confidence is at its lowest level in around two years and this is partially due to the instability in our political leadership”, states a recent article published in the Financial Review Thomson Reuters’ Managing Director for Asia and Emerging Markets, Tony Kinnear, says political chaos in Canberra is affecting investment as well, with multinationals questioning […] … Read More