The AFP is looking at possible breaches of the Corporations Act related to options that Tony Castagna turned into an $80m windfall at last year’s float.
Digital behemoths such as Facebook and Google could be forced to pay more tax under a proposal from a Labor backbencher who wants an immediate crackdown on multinational corporations to help repair the federal budget.
Australians spend $2.3 billion a year on managing their tax affairs. But a $3000 standard deduction could deliver a tax cut and save time,a think tank says.
People and companies that breach an array of tax laws will have to pay much higher fines if they don’t keep proper records or lie to tax inspectors.
Taxes from the nation's miners were helping rebuild the budget bottom line before COVID-19,but figures from the ATO reveal the trouble facing the rest of the economy.
Leading accounting experts say companies hiring executives from overseas often face significant costs to cover their"incredibly complicated"financial affairs.
If companies break Australian law,we need to know that the ultimate owners can be held to account and not vanish behind a shell company.
Patrick Flynn uses air quotes when referring to “serious criminal activity” and prefers to communicate using “military grade encryption” as he recommends his clients use elaborate and risky offshore banking products.
One Friday in January,the ATO issued subpoenas and fired off letters. Investigators in Holland embarked on a similar task.
A big Aussie bank,a gold company and individuals have been caught up in a major global tax evasion and money laundering investigation involving a shady Puerto Rican bank run by an American millionaire.
Former treasurer Peter Costello warns the gap between company and personal tax rates is encouraging individuals to corporatise themselves to avoid paying their share.