Australia

Latest Edition - Friday 31 July 2015 

(1) New Thinking - Stopping the fiscal drag
(2) APRA Confidentiality Determination No.14 of 2015
(3) ATO Rulings issuing 5 August 2015
(4) ATO Website Update
(5) ATO Interpretative Decisions - 31 July 2015
(6) Urban Development Institute submission on tax reform

(1) New Thinking - Stopping the fiscal drag

 

KPMG's submission on the Re:Think tax reform discussion paper addresses fiscal drag or bracket creep, an effect arising from our progressive tax system that means over time people pay more tax on average due to inflation.

 

(2) APRA Confidentiality Determination No.14 of 2015

 

The Australian Prudential Regulation Authority (confidentiality) determination No.14 of 2015 was registered on 30 July 2015.

 

(3) ATO Rulings issuing 5 August 2015

 

The Australian Taxation Office (ATO) will release two class rulings.

 

(4) ATO Website Update

 

  • Pilot to test our Effective Tax Borne methodology
  • Request to adjust concessional contributionsr

 

(5) ATO Interpretative Decisions - 31 July 2015

 

The Australian Taxation Office (ATO) released two interpretative decisions and withdrew two others.


(6) Urban Development Institute submission on tax reform

 

On 30 July 2015, the Urban Development Institute of Australia (UDIA) released its submission in response to the Federal Government Tax White Discussion Paper.

For KPMG clients

If you are a KPMG client and would like to subscribe to Daily Tax News or receive a copy of any of our Tax in Focus briefs, contact your KPMG adviser.

Tax

Tax services
Our Tax Team assists with corporate tax, transfer pricing, indirect tax, international executive services, R&D incentives, superannuation and more.