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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 a...
The use of the one-year BBSW for the earlier years respects the floating rate nature of the LNIA under the second amendment but overstates the government bond rate if short-term government bond rates are less than the interbank rate. The use of 5.6143 percent is puzzling as this rate refle...
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 grow...