Australian Taxation Office

New or updated materials on ATO website, including:

  • Speech by Assistant Commissioner, SMSF Segment, Kasey Macfarlane regarding ATO regulation of self-managed superannuation funds (SMSFs) including mention of ATO areas of compliance focus for the current year

Tax Reform

The latest publication in PwC's Protecting our Prosperity seriesGST reform packages: a baseline analysis, was released yesterday. With public and political attention focussing squarely on GST reform, PwC has modelled the budgetary and distributional consequences of various changes to the rate and base of the GST. We examine how much revenue would be raised in a number of GST reform scenarios, over and above what would be required to fully compensate low to middle income earners.