Tax Insights | Brexit and European profit repatriation implications

The purpose of this article is to raise awareness of the potential international tax implications for Australian corporate groups with a significant presence in Europe in a post-exit environment. In saying this, we acknowledge that it is impossible to reliably predict the mid to long term cross-border tax profile of post-exit UK and EU at this point in time (noting … More Tax Insights | Brexit and European profit repatriation implications

GST Insights | Consequences of non-resident on-selling off the plan properties

Background Most readers will be aware of the Australian banking sector’s refusal to lend to non-resident investors using foreign income as a basis for meeting lending criteria. Off-the-plan property is attractive to non-resident investors for a host of reasons, but in particular, they are an asset class for which no FIRB approval is required. Having … More GST Insights | Consequences of non-resident on-selling off the plan properties

Insights: royalty payments to Canada – Task Technology v C of T

The global digital economy is increasing in value; this includes opportunities for Australians to import offshore intellectual property to resell to Australian businesses and consumers.  However, many Australian taxpayers probably don’t realise that they will likely bear the cost of paying a non-resident’s tax under Australia’s withholding tax collection mechanisms. In that context, this article considers the … More Insights: royalty payments to Canada – Task Technology v C of T

Tax insights | 2016/17 Federal Budget Papers

This blog is intended as a humorous supplement to the plethora of other publications freely available from the Big 4 Accounting Firms and other mid-tier firms. We will preface this blog post with an obligatory remark that Budgetary tax announcements are exactly that – mere announcements; they do not have force of law unless and … More Tax insights | 2016/17 Federal Budget Papers