Tag - TAX

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Mining giant caught using island to avoid paying tax

A multinational resources company must pay tax on any commodity sales even though it was facilitated by its overseas centre, a court has ruled. The High Court of Australia has found BHP Billiton...

Budget 2016: ‘A blueprint for growth’

The following is a statement from Minerals Council of Australia Chief Executive Brendan Pearson regarding the Federal Budget.    The 2016 Federal Budget is a strong pro-growth budget. It...

Tax changes likely to affect mining community

The Australian Tax Office (ATO) has recently released new changes to Fringe Benefits Tax which will affect some in the mining and resources industry and the broader community. The new fringe benefits...

Repeal of Mining Tax Welcomed by Resources Industry

Yesterday’s repeal of the Mining Resources Rent Tax (Mining Tax) by the federal Senate has been whole-heartedly welcomed by Australia’s biggest resources industry groups, with the tax...

Eight New Tax Rules This Year That Could Catch You Out

The only constant about tax is change. Dr Adrian Raftery, a senior lecturer at Deakin University provides us with some of the new tax rules that came into effect in 2013/14. 1. Immediate write-off...

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