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 ...
Partners of the firm breached another confidentiality agreement by sharing a draft OECD report into profit shifting with colleagues while they were members of the BEPS Tax Advisory Group, which the ATO convened in 2013 from professional services firms like PwC, law firms, and co...
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...