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How transfer pricing actually works – and why it’s abused

Multinational tax avoidance is proving to be a sore point for Australians. You’ve heard about the big players – Facebook, Google, Apple – and there is speculation they might be engaging in dodgy transfer pricing practices. The problem is, while everyone’s steeped in a debate about fiscal-moral-legalism, nobody’s explaining the practical implications of a mispricing

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Top 5 avoidable tax mistakes small business owners keep making

The whitest lie ever told to aspiring small business owners and entrepreneurs is that hard work guarantees success. Hard work is vital to success, but it’s not the only quotient. Perhaps your clients have listened when starry-eyed blog writers and charismatic airbrushed suits telling them that they can’t lose if they try hard enough. Well,

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Can customer reward program benefits be taxed?

Many companies, or even whole industries, offer their customers loyalty award-based incentives programs. These programs, such as the “Frequent Flyer” and “Fly Buys” schemes, are designed to reward customers for purchasing or using a company’s goods and services (or indeed, those of its affiliates). Can customer reward program benefits be taxed? As a result of

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Lodgment rates and thresholds online guide now available FREE

Your complete practice companion, containing every tax rate and threshold in Australia’s tax system for 2017-18, is now available. Lodgment rates and thresholds online guide For quick access to this guide please add this page to your browser’s bookmarks. The Lodgment rate and thresholds guide includes all of the following details, all in one convenient

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Cashless society? It’s about as real as the paperless office

The Reserve Bank probably only enters most taxpayer’s minds every now and then with its regular announcements on official interest rates. But another item of interest can be found in its latest annual report, especially the section on banknotes. The last RBA annual report (for 2016) showed that to the end of June 2016, the

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