Jan 20, 2010
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million [...]
Three Australian men are under trial for allegedly evading AUD3.7 million in taxes, which was brought back into Australia through ATM withdrawals and orchestrated through a Swiss-based accountant.
On January 18th a court case was opened concerning Daniel Aran Stoten, Adam John Hargraves and Glenn Luke Hargraves, who are alleged to have evaded nearly AUD4 million in taxes over the period of four years. The three men, who ran a phonebook publishing company, are accused of grossly overstating their business expenses and ... Read More
Dec 29, 2009
The average business in South Australia faces a higher tax burden than in any other state across the country. The conclusion is drawn by the Australian Institute of Public Affairs (IPA) in the report Business Bearing the Burden 2009
released in the last days of the passing year.
The report examined the impact of state taxes [...]
The average business in South Australia faces a higher tax burden than in any other state across the country. The conclusion is drawn by the Australian Institute of Public Affairs (IPA) in the report Business Bearing the Burden 2009
released in the last days of the passing year.
The report examined the impact of state taxes across Australia on a medium sized business. According to the report, the tax liability in South Australia was ranked as highest, despite having the lowest payroll taxes ... Read More
Dec 18, 2009
Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country’s GDP figure rose by 0.2 percent during the previous quarter.
On December 16th, the Australian Bureau of Statistics (ABS) released the country’s National Account report [...]
Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country's GDP figure rose by 0.2 percent during the previous quarter.
On December 16th, the Australian Bureau of Statistics (ABS) released the country's National Account report for the September Quarter. The report figures show that the seasonally adjusted GDP figure rose by 0.2 percent compared to the June quarter, and 0.5 percent compared ... Read More
Dec 3, 2009
The Australian Taxation Office (ATO) has announced an update to their Offshore Voluntary Disclosure Initiative (OVDI) for nationals with unreported income from offshore activities.
Amid a worldwide escalation of Government tax amnesties, Australia has joined the fray and offered its citizens an opportunity to volunteer up information regarding any unpaid tax obligations in relation to their [...]
The Australian Taxation Office (ATO) has announced an update to their Offshore Voluntary Disclosure Initiative (OVDI) for nationals with unreported income from offshore activities.
Amid a worldwide escalation of Government tax amnesties, Australia has joined the fray and offered its citizens an opportunity to volunteer up information regarding any unpaid tax obligations in relation to their offshore bank accounts.
In the OVDI program, only taxpayers with additional previously undeclared taxable incomes of greater than AUD20,000 will be forced to pay a penalty of ... Read More
