Australia

Australia | Big 4

Report on Ethics and Accountability in the Audit and Consultancy Sector contains numerous recommendations post PWC Australia scandal

Australia | Direct Tax

Litigation resulted in favorable outcome for ATO in 53% of cases, Settlements involving income tax and transfer pricing secured ATO 69% of disputed amounts 

Australia | Transfer Pricing

Effective from 1 January 2025, most significant change to CbC  reporting to-date

Australia | Tax Policy

New Pathway for Taxation Disputes

Australia | Tax Policy 

Focus on new high-risk tax areas for multinationals, Improvement of public reporting on large business tax information to boost transparency amongst other focus areas

Australia | Tax Policy

Aims to Restore Public Trust in Tax Profession

Australia | Direct Tax | Transfer Pricing

Full Federal Court Reverses Federal Court Decision on Embedded Royalty.

Australia | CIT

If approved, public CbC reporting will be effective for reporting periods starting on or after 1 July 2024

Australia | Big 4

Job Cuts, Penalties

Australia | Direct Tax

Aiming at greater transparency and accountability in corporate tax matters

Australia | Thin Capitalization

Making Multinationals Pay Their Fair Share—Integrity and Transparency Bill 2023 passed in Senate and House of Representatives