Australian Taxation Office
New or updated materials on ATO website, including:
- Pilot to test Effective Tax Borne methodology: the ATO is currently conducting a pilot of its "Effective Tax Borne" methodology, which is intended to provide a standardised approach to identifying an economic group's worldwide profit from Australian linked business activities, and the Australian and offshore tax paid on that profit.
Asset Management Tax Highlights
The latest edition of Asset Management Tax Highlights - Asia Pacific provides updates on industry developments across Australia, China, Hong Kong, India, Korea, Malaysia and Singapore which may impact asset management businesses.
Australia's Innovation System
The transcript of a public hearing in Brisbane this week by the Senate Economics Reference Committee in relation to its inquiry into Australia's Innovation System is now available. Academics and industry representatives were questioned on a range of issues including the effectiveness of the R&D tax incentive and various 'patent box' regimes around the world.