An Australian citizen has failed in his application to resolve a domestic tax dispute in an offshore court, facing arrest and a $23 million tax bill upon his return to Australia.

Merger and acquisition volumes in the middle market across the Asia-Pacific region have seen a slight uptick of 3.9 per cent in FY25, according to research from a chartered accounting body.

The Tax Office has pledged to commit to an improvement of its service operations for tax practitioners, a move that has been welcomed by the professional accounting body.

For pre-CGT assets, obtaining a reliable valuation at the date of death is essential, as this forms the new cost base. Without it, the Australian Taxation Office (ATO) may apply its own assessment, ...

The Tax Office will double down on its data-matching capabilities to protect taxpayers as reports of fraud have significantly surged.

Australia’s “increasingly difficult to justify” two-tier tax advice regulation system should be considered for reinvention, a tax practitioner has proposed.

Former PwC partner Richard Gregg has had his tax agent registration terminated by the Tax Practitioners Board for breaching the Code of Professional Conduct.

The High Court of Australia has ruled in favour of PepsiCo, dismissing six appeals brought forward by the Commissioner of Taxation. Here, senior tax lawyers unpack the decision and discuss the ...

Tax practitioners have welcomed the Productivity Commission’s “bold” net cash flow tax idea but warned against introducing more complexity into the Australian tax system.

AI Edge for Accountants launches in Sydney on 17 September, offering a one-day, hands-on program tailored for partners, directors, and owners of accounting firms seeking to build a more streamlined, ...

Professional and business bodies have welcomed the Reserve Bank’s “unsurprising” decision to cut the interest rate by 25 basis points.

So, you’ve decided to buy a property. How exciting! Understanding the world of home loans may be confusing like what the difference is between a fixed and variable interest rate home loan.