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In 2016-17, the figure was tipped to soar to 12 billion AU dollars (9.3 billion U.S. dollars), or 15 percent of all company tax paid in Australia. The report comes as the tax contribution of big businesses continues to be subject of a major political debate with the government seeking ...
It was revealed in December that for the 2014-15 financial year, Google, Apple, Samsung, and Microsoftupped the amount of tax they paidin Australia over the year prior. According to the ATO 2014-15 Corporate Tax Transparency report, with revenue in the region totalling AU$8.3 billion, Appl...
What those obligations are will depend on your relationship to the deceased and how the asset is transferred or paid out. Your status as a resident or non-resident of Australia for tax purposes can also play a part. Inherited superannuation death benefit When someone passes away their superannuat...
When you reach the end of a financial year, you will need to conduct an annual reconciliation to ensure you’ve paid the correct liability. The annual reconciliation is due by 21 July. Every state and territory has key areas of payroll tax that differ from other states and territories, but...
It takes no responsibility for the veracity of the claim except that Vodafone is listed on a dataset from the ABC showing Vodafone Hutchinson Australia had a total income of A$3,567,085,248 and paid no tax.Ray ShawExchange
CANBERRA, Dec. 13 (Xinhua) -- The amount of tax paid by Australia's biggest companies has risen 20 percent in a single year, data has revealed. According to the Australian Taxation Office (ATO) 's corporate tax data for financial year 2016-17, which was released on Thursday, the nation...
Unless the super is tax-free, a tax was paid on the fund's taxable component, or it's paid in an income stream or lump sum. It isn't a simple or straightforward subject, so when you plan your estate it is best to do so with the advice and guidance of a professional. It may ...
Goods and Services Tax (GST) is an indirect tax collected by businesses and commercial entities when selling goods and providing services and is paid to the ATO by these businesses and commercial entities. GST applies to most goods and services transactions within Australia. ...
When should a foreigner residing in a country be considered a “tax resident,” subject to taxation for that year? The “substantial presence test,” as they call the rule for deciding this in the U.S. is 183 days. Canada, Australia, and the U.K. also use this time period, while in...