Australia

Details

  • Service: Tax, Corporate Tax, International Corporate Tax, Global Transfer Pricing Services, Indirect Tax, International Executive Services, R&D Incentives, Environmental Incentives, Superannuation & Pension Funds, Topics, Federal Budget
  • Type: Business and industry issue
  • Date: 10/05/2011

2011 Federal Budget Brief 

On Tuesday 10 May 2011, the Commonwealth Treasurer, the Honourable Wayne Swan MP, delivered the Australian Federal Budget 2011-12.
2011 Federal Budget Brief
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Given the commitment of the government to return the Budget to surplus by 2012-13 and to generally restrict the growth of government spending, together with the higher than expected fall in tax receipts in 2010-11 and 2011-12, many of the Budget announcements involved significant savings initiatives.

 

The Budget also seeks to reap the benefits of the mining boom with measures introduced to promote investment in infrastructure and to develop the skills of the workforce.

 

KPMG's 2011 Federal Budget Brief provides a review of the Budget's major tax implications.

 

For more information, please contact your KPMG adviser or one of the contacts listed in the Brief.

 

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