Australian Budget 2014–15
The Australian coalition government has presented the 2014–15 Federal Budget, which includes changes to personal tax rates, the fuel excise rules and various other taxation rules.
From a business taxation perspective, the tax reforms announced in the Budget have been relatively minor, with broader comprehensive taxation reform to be addressed in the government’s proposed white paper. As an initial step in this process, the government has indicated that a discussion paper is due to be released later this year outlining options for tax reform in Australia.
As expected, the Budget maintains the government’s position on previously announced (but not yet enacted) tax reforms, such as a cut in the company tax rate for small businesses and repeal of the mineral resources rent tax. Other reforms, such as the tax treatment of employee share schemes for ‘start-up’ companies and the goods and services tax (GST), are slated for release in the government’s white paper…
Click on the link below to read the rest of the DLA Piper briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The Australian Taxation Office released a draft ruling on the Goods and Services Tax treatment of bitcoin transactions on 20 August 2014.
DLA Piper’s ‘Life sciences: patent extension strategies and antitrust global update’ video covers global antitrust and competition issues including product hopping and reverse payment patents.
Analysis from The Lawyer
Cross-border work and political tensions are dominating this year’s entries for Finance Team of the Year at The Lawyer Awards.
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work