Insights

Washington Tax Insight – September 2017 edition

Congress returns on September 5th to face a full schedule with some pressing time deadlines. The statutory debt limit ceiling must be raised by the end of September and deadlines for FY 2018 appropriations legislation on September 30th must be met, as well as reauthorizations for the Federal Aviation Administration, flood insurance, the Children’s Health Insurance Program, and user fees that fund the Food and Drug Administration. Congress will also have to reach agreement on a new budget resolution for FY 2018 in order to advance tax reform as part of the fast-track budget reconciliation process.

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Washington Tax Insight – May 2017 edition

The White House and Congress continue to face a full legislative agenda including budget deadlines, tax reform, health care reform, and House and Senate intelligence committee hearings on Russian involvement in the 2016 election. April 29th marked the end of the first 100 days of the Trump Administration.

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True Partners Alert: Trump Tax Reform proposal

On April 26, 2017, the United States Administration released its long-awaited “tax reform” plan. In this article, True Partners Consulting, in conjunction with Potomac Law Group PLLC, considers the key points of the document.

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Australia’s Diverted Profits Tax now Law

On 4 April 2017, the Diverted Profits Tax Bills received Royal Assent and became Australian Acts No. 21 and 27 of 2017. In this article, we consider some of the key aspects which businesses should considering with regards to potential DPT exposure following this development.

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Washington Tax Insight – April 2017 edition

Congress and the White House continue to manage a full legislative agenda including health care reform, budget deadlines, tax reform, House and Senate intelligence committee hearings on Russian involvement in the 2016 election, and confirmation of a Supreme Court nominee.

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2017 Fringe Benefits Tax Update

With the end of the 2017 FBT year fast approaching and FBT returns due for lodgement on 25 June (payment on 28 May), it is time to review some of the most significant areas of FBT changes over the past year or so. In this article, we take a look at some of these key areas.

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New ATO draft ruling on company

The Australian Taxation Office (ATO) has issued a new draft ruling on Central Management and Control (CMAC) and Australian tax residency of foreign incorporated companies. We consider the key points.

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The Spring Budget 2017

In his last Spring Budget Philip Hammond had little truly new to say on tax matters (and tried instead a new line in Labour-related jokes…). He reaffirmed the Government’s commitment to creating a fair and stable tax system to support a robust economy as the springboard for Britain’s next steps into its global future.

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Brexit: An Overview of Indirect Tax Considerations

On 23 June 2016 voters in the UK decided to leave the European Union. While the political, economic and social significance for the United Kingdom remain to be determined, it is clear that there will be indirect tax implications as a result. In this short article, we examine some of the questions that businesses may be facing around indirect tax.

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