Australia

Details

  • Service: Tax, Topics, Federal Budget
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 14/05/2014

Federal Budget 2014

Federal Budget 2014
KPMG's review of the major implications arising from the 2014 Federal Budget.

Federal Budget contacts

If you would like to discuss the 2014 Federal Budget, please contact your KPMG adviser or one of our KPMG professionals.

Federal Budget 2014 and the Financial Services industry 

Continuing the trend of recent budgets, this Budget did not provide significant reform for the Financial Services industry.

The centrepiece of the company tax reform was confirmation of the previously announced reduction in the company tax rate to 28.5 percent. However for most participants in the Financial Services sector that reduction will be directly offset by the introduction of the Government's Paid Parental Leave Levy.

 

This brief provides a summary of the key implications of the Budget across the Financial Services industry.

Federal Budget Brief 2014

KPMG's insights and analysis on the 2014 Federal Budget major implications for Australian business.
 

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 Budget insights

Video: David Linke on Federal Budget and Commission of Audit

Video: David Linke Pre-Budget insights, 2014 Federal Budget
National Corporate Tax Leader, David Linke, sets the scene for how the Commission of Audit may impact the 2014 Federal Budget.

Financial Services

Our Financial Services practice can help financial institutions make better decisions about performance, growth, governance and prudential matters.
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