Small businesses in Forde will benefit from simpler Business Activity Statements (BAS), an extension to the instant asset write-off programme and the opportunity to opt in to the single-touch payroll thanks to positive changes in force from tomorrow. Federal Member for Forde Bert van Manen said the start of the new financial year was set…
Multinational companies will be prevented from shifting profits made in Australia offshore after the Turnbull Government successfully passed a new Diverted Profits Tax in Parliament. The new Diverted Profits Tax will commence on July 1, 2017 and will prevent multinational companies from shifting profits made in Australia offshore to avoid paying tax. Federal Member for…
Around $2 billion in tax is expected to be clawed back this financial year under the Turnbull Government’s crackdown on multinational tax avoidance. Federal Member for Forde Bert van Manen MP said the government was making sure multinational tax dodgers paid their fair share of tax, which helped fund crucial government services. The $2 billion…