Last night, the Federal Treasurer, Scott Morrison MP, released the 2016-7 Federal Budget. With an announcement regarding an election expected to be imminent, the Government has released a conservative budget that doesn’t tackle structural tax reform
In this edition, we summarise the Government’s response to 96 unlegislated tax changes, consider the conditions necessary to satisfy the “public offer” withholding tax exemption and examine the recent Federal Court deductibility of outgoings case.
In this edition, we discuss employee share scheme concessions for start-up companies on the government’s agenda and proposed amendments and case law regarding tax deductions for mining exploration expenditure.
A recent parliamentary committee report on IT pricing found that Australians generally pay more for IT products such as software, games, music, movies and e-books than customers in many overseas markets.