As long as the ATO doesn’t question why companies are reporting zero tax payable on their income, the public won’t know if serious tax avoidance is happening.
The new president of the Business Council of Australia Grant King will need to change his message on company tax and other issues to really remain relevant.
There are still a few real-world tests the Diverted Profits Tax or “Google Tax” will have to face before the government can claim it’s among the toughest in the world.
Deputy Prime Minister Barnaby Joyce said backpackers would be better off working in Australia with a 19% tax than in New Zealand, England and Canada. Is that true? And what would a 15% or 10.5% tax mean?
Tax systems in post-colonial Africa need to be reformed. For instance, there ought to be rebates for advancing moral good or educating future taxpayers.
The video which shows South African President Jacob Zuma sleeping in parliament during the 2016 mid term budget is symptomatic of a much larger problem of lack of respect for the public.
Nine states are deciding whether to legalize marijuana. Yet the drug’s prohibition at the federal level has created an unstable financial environment for producers and retailers.
South Africa’s finance minister, Pravin Gordhan, had to battle poor growth and falling revenue in preparing the 2016 medium term budget. How did he do?
South Africa’s 2016 medium term budget was awaited with bated breath amid rising political tensions, increasingly violent student protests and the threat of a credit downgrade.
Closer examination of criminal charges brought against South Africa’s finance minister, Pravin Gordhan, suggest that they are weak in law and serve a political agenda.
A 1995 tax return shows a net operating loss so large that it raises concerns about whether it was reported properly – and if Trump has been honest about his taxes.