The Inspector-General of Taxation (IGT)has concluded that overall, the agreed recommendations in a number of IGT reviews into the ATO have either been implemented by the ATO, in whole or part, have prompted ATO action toward the realisation of intended improvements or will be examined in later IGT reviews. The findings have been released in the following reports:Follow up review into delayed or changed Australian Taxation Office views on significant issues (‘‘U-turns’’ review), andFollow up review ...
Australia's biggest companies can keep their tax bills secret for another year after the federal government rejected calls to bring forward laws designed to increase transparency.Finance Minister Mathias Cormann dismissed a push by Labor Assistant Treasurer Andrew Leigh to bring forward by one year the publication of data about the tax paid by companies with total income over $100 million.If the bill were passed it would require the Australian Taxation Office to immediately publish on its ...
THIS MORNINGIn Australia, no major economic data is scheduled. In the US, the Markit "flash" services index is released with the National Activity index and Kansas City and Dallas Federal Reserve manufacturing indexes.OVERNIGHT MARKETSUS EquitiesUS sharemarkets posted solid gains on Friday with the Dow Jones and S&P 500 indexes at record highs. But restraining the gains were declines by key technology stocks with Microsoft down 1.5 per cent and Netflix down 2.1 per cent. The Dow Jones rose ...
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