Pitcher Partners calls for tax reform focus in election

22-Apr-2016

Pitcher Partners has called on both government and opposition to prioritise tax reform ahead of the upcoming double dissolution election. “Pitcher Partners is calling on all political parties to make this election a tax reform election,” said John Brazzale, the managing partner at Pitcher Partners. According to Mr Brazzale, the stalling of the tax eeform white paper process has left Australia “operating in the dark”. “Our tax system needs to reflect a world that looks very different in 2016 than it did in 2006,” he said. “We have a revenue and spending imbalance at th..

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Challenges stifling next gen’s ambitions

22-Apr-2016

Despite Australia’s next generation of family business leaders remaining more confident and better prepared for senior roles, they are facing more challenges than ever, according to a new report from PwC. PwC’s global Next Generation Survey showed almost one third of the next generation think family businesses are slower than other types of businesses to keep up with new technology, and 40 per cent said they had experienced frustration trying to get new ideas accepted by family members. “It’s understandable the current generation is cautious about making big investments in digita..

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ATO reacts to Panama data leak

22-Apr-2016

The ATO has issued its response to the monumental data release relating to offshore tax havens, which has embroiled several high-profile organisations and individuals. “Recently, the ATO received data in relation to a Panamanian law firm containing names of a significant number of Australian residents,” the Tax Office said in a statement. “We have identified over 800 individual taxpayers and we have now linked over 120 of them to an associate offshore service provider located in Hong Kong.” The statement continued: “These cases relate to the release of data by transparency o..

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