Recent developments have confirmed the critical importance of trustees properly considering which beneficiaries should receive distributions and how those distribution entitlements are satisfied.
In April 2023, the Government released exposure draft legislation for public comment seeking to introduce public country-by-country reporting obligations for income years commencing on or after 1 July 2023 for multinational groups with a tax presence in Australia.
In April 2023, the Government released exposure draft legislation for public comment seeking to introduce a new measure to deny deduction for payments for the exploitation of intangible assets that are made by significant global entities to associates in foreign jurisdictions with a corporate tax rate of 15% or less.
Middle market businesses continue to pull more than their share of economic weight in the Australian economy over the last 12 months as the economic landscape continued to shift and pivot in a fluid financial system.
We understand that the recent proposal to impose an additional tax on superannuation balances greater than $3m may be causing you concern and questioning whether you should be doing anything with your super.
A Client Director in Pitcher Partners Melbourne’s superannuation consulting and advisory practice, Brad has specialised in superannuation for over 20 years. He has worked in both the private and public sectors, including providing policy and technical advice to a range of government bodies and projects. Brad advises a broad client base including private business owners, […]
Recent court cases and ATO guidance products present additional challenges for trustees when considering how to distribute trust income.
In February 2023, the Government announced an intention to pursue an increase in the tax rate applying to superannuation earnings on member balances over $3m.
As part of a plan to create more affordable homes and slow the growth of the city’s urban fringe, abolishing stamp duty could improve accessibility to the housing market. However, the state has become increasingly reliant on property taxes including stamp duty, which now account for more than 40% of state revenue. The other main property tax in the state’s revenue base is land tax, with many landowners experiencing staggering increases in their land tax, between 25% and 150% in some cases this year.
An income tax generalist with over a decade of experience, Leo specialises in CGT, Trusts, Corporate Tax and Division 7A. He also sits on various committees including those with CA ANZ and the Tax Institute of Australia. Truly passionate about all things tax, he is constantly developing his deep expertise and keeping informed as to […]
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