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.
The Australian Prudential Regulation Authority (confidentiality) determination No.14 of 2015 was registered on 30 July 2015.
The Australian Taxation Office (ATO) will release two class rulings.
- Pilot to test our Effective Tax Borne methodology
- Request to adjust concessional contributionsr
The Australian Taxation Office (ATO) released two interpretative decisions and withdrew two others.
On 30 July 2015, the Urban Development Institute of Australia (UDIA) released its submission in response to the Federal Government Tax White Discussion Paper.