Our cross-border tax experts Terry Hoban and Ellen Fimmano discuss some of the practical challenges and important considerations that arise for organisations, their employees, and owners expanding into the USA, including: Cross-border entity structuring & tax considerations Employee payroll & HR set-up Equity plans, pensions, and employee benefits Individual tax planning for Australian executives relocating […]
The Pillar Two rules will impose a minimum tax rate of 15% on multinational groups in the jurisdictions in which they operate. To achieve this, the rules are introducing three new tax returns and increasing transparency as they seek to raise the stakes of multinational group compliance. In this webinar, Pitcher Partners Sydney Elizabeth Jools […]
Initially announced in the 2023-24 Federal Budget, Treasury has released draft policy design details on the Payday Super regime following consultation. Recently, Treasury released draft details in relation to the implementation of the Payday Super regime. The proposed measures effectively seek to ensure that Superannuation Guarantee (“SG”) contributions are remitted at the same time as […]
Pitcher Partners and Hall & Wilcox, together with the Melbourne Compliance Group, are delighted to bring to you the Independent compliance committee member forum webinar. Our panel of leading industry experts, led by Harry New of Hall & Wilcox provided updates on the recent developments and challenges facing financial services. Topics included: What fund managers need […]
In a recent decision of the AAT, ZWBX v FCT [2024] AATA 2065, a taxpayer was denied a tax offset in respect of their investment in a company that was purporting to be an Early Stage Innovation Company (“ESIC”) based upon its self-assessment under the ‘principles-based test’. The AAT’s finding was that the company did […]
The ATO has announced that assurance reviews starting from 1 July 2024 will rate entities within the investment industry on their third-party data tax control frameworks. Large super funds, managed funds and insurance companies need to have adequate policies, procedures and controls in place to meet their tax risk management obligations. Background Investment entities, including […]
Key points If an SMSF member loses mental capacity, the fund risks becoming non-compliant unless swift action is taken to remove them as trustee or director. Establishing an Enduring Power of Attorney (EPOA) for each SMSF member ensures continuity by allowing a trusted person to act on their behalf. Appointing a corporate trustee instead of […]
With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25. The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25. The Budgets contain announcements regarding changes […]
On 21 March 2024, draft legislation was released to implement the new Pillar 2 (or ‘GloBE’) rules (the Rules). The draft legislation will introduce a new tax regime and new compliance for multinational (MNE) groups that have an Australian presence and consolidated global revenue of Euro 750 million annually. The intention is to ensure that […]
Thank you for you interest