Australian Taxation Office
New or updated materials on ATO website, including:
- TD 2015/9: Value of goods taken from stock for private use for the 2014-15 income year.
- Class rulings released yesterday
- Withdrawn ATO ID 2002/581: United Nations Peacekeeping Force - United Nations tax offset
Prime Minister Tony Abbot yesterday gave a pre-budget address to the Australian Chamber of Commerce and Industry in which he offered some insights into the upcoming Federal Budget. He confirmed that the centrepiece of the Budget will be a jobs and small business package and a families package, and it will include measures to "cut small business tax bills in ways that will stimulate investment, boost productivity, generate new jobs and make existing jobs more secure."
Senate inquiry into tax avoidance
The transcript of Friday's hearings by the Senate Committee Inquiry into corporate tax avoidanceis now available