News

Australian Tax Office to pass unpaid tax debts to credit agencies

As per new legislation recently announced by the government, the Australian Taxation Office (ATO), going forward, will be allowed to disclose any data regarding the tax debts of certain businesses to relevant credit reporting officials.


The Federal Council agree on data sharing with 7 new jurisdictions

Last month, the Federal Council in Switzerland announced that it would be officially implementing the report that was released, regarding the introduction of the automatic exchange of financial information with Jersey, the Isle of Man, Japan, Canada Iceland, Guernsey and Norway which has been submitted to Parliament for approval.


Big Four are developing potential conflict of interest with Australian tax office

The Big Four accountancy firms have come under attack for their alleged involvement in enabling tax avoidance schemes for multinationals and for having a close relationship with the Australian Taxation Office (ATO) at a series of Australian government committee meetings which were held this week.


G20 Leaders' Summit to be held in Brisbane, Australia

The G20 Leaders' Summit this year will be held on the 15th and 16th of November in Brisbane, Queensland. As many as 4,000 delegates and 3,000 media representatives are expected to attend the conference at the venue the Brisbane Convention and Exhibition Centre.