The 2016 Autumn sitting of Parliament will continue this week, with the House of Representatives sitting from 8 to 11 February 2016.
On 4 February 2016, the Senate Selection of Bills Committee released its Report No. 1 of 2016, referring the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and related bills to the Economics Legislation Committee for inquiry.
Senate Additional Estimates Hearings for 2015-2016 are scheduled to commence this week.
On 4 February 2016, the Senate Economics References Committee tabled its interim report regarding the inquiry into Foreign investment review framework.
The Australian Taxation Office (ATO) changes to deferral forms, to make requesting deferrals for easier.
The Australian Taxation Office (ATO) issued a Decision Impact Statement (DIS) in response to the decision of the Court in Macoun v Commissioner of Taxation  HCA 44.
- Have you made any consolidation changes?
- Let us know about consolidation
- Small business fix-it squads
The Prime Minister, Malcolm Turnbull stated in various media interviews, that the upcoming May Budget "will be, for all practical purposes, the White Paper" and that the Budget, being 3 months away, would be the Government's "tax platform.
The United Kingdom Her Majesty's Revenue and Customs (HMRC) released a policy paper inviting views on proposed legislation that would deem certain persons, who would otherwise be non-domiciled in the UK through general law, to be UK domiciled for income tax and capital gains tax.
For an Australian Tax Director interested in a brief overview of the latest tax developments internationally, a selection of recent KPMG publications available via various KPMG websites has been updated.