On May 19 2021 the ATO released draft Practical Compliance Guideline 2021/D4 which principally focuses on a broad range of tax risks associated with the DEMPE of intangible assets. While its principal focus is on the potential application of the TP provisions, it al...
But Mr Jordan noted that “Australians love their work-related expense deductions” and that abolishing them in favour of lower personal income tax rates “would be a big step”. He was speaking on Wednesday at the National Press Club in his last public outing as tax commissioner before he o...
The court upheld the primary judge’s rejection of STAI’s reliance on US bond rates to determine the arm’s length interest rate. The court agreed this “hypothesis” “departed too far” from the actual LNIA transaction, which was an intra-group vendor financing arrangement not ...
Billions at stake in US Supreme Court tax case A new report from the Institute on Taxation and Economic Policy and the Roosevelt Institute claims that the decision inMoore v United States, which some have described as the most consequential tax case to reach the US Supreme C...
this rate plus a 1 percent premium, and this rate plus a total premium equal to 5.552 percent. Table 2 also assumes that the corresponding four-year government bond rate was 3.65 percent, which is an interpolation of the three-year and five-year government bonds rates as reported by the Re...
The CGG argues that 19% will help keep the UK competitive, bolster growth and create jobs, but the evidence for this is lacking. If 19% was such a guarantee of growth, the UK economy would not be stagnant already. It takes more than low tax rates to boost growt...