10/05/2023
With increased globalisation and digitalisation creating growing concern about tax avoidance by multinationals, the OECD Two-Pillar approach aims to address international corporate tax challenges. In the 2023-24 Budget, the Government announced the implementation of a 15 per cent global minimum tax and domestic minimum tax, key aspects of Pillar Two of the OECD/G20 Two-Pillar Solution […]
09/05/2023
Last night, the Federal Budget for FY23/24 was handed down by Treasurer Jim Chalmers. The Federal Government delivered a cost of living plan, promising it will not increase inflation. The budget included key measures for energy & resources, SMEs and healthcare with hospitality, tourism and property missing out. Did you miss out on our Federal […]
05/05/2023
Exposure Draft Bill released by Australian Treasury denying SGEs deductions for payments attributed to intangible assets in low tax jurisdictions. The Exposure Draft Bill (the draft Bill), released on 31 March 2023, proposes a new anti-avoidance rule to deny deductions for payments attributed to intangible assets located in low corporate tax jurisdictions. Significantly, the changes […]
02/05/2023
Meet winemaking experts and discover how cool climate wine is made in Australia. The International Cool Climate Wine Show video series, produced by SW, showcases the unique features of Australia’s cool climate wines. Throughout the series we will be interviewing renowned winemakers and other stakeholders in the industry, hearing their war stories and hidden gems […]
26/04/2023
The Government has released draft thin capitalisation law changes proposed to commence from 1 July 2023. If enacted, this may have a substantial impact on some property funds. We recommend that all fund managers review their funds’ existing financing arrangements immediately to understand how the proposed rules impact interest deductions. For further details of the […]
26/04/2023
在我们近期的全中文财税更新讲座上,本所专家团队解读了近期主要财税变化,以及这些变化为企业与个人带来的影响与机遇。 At our recent Mandarin Tax and Accounting update, our team of experts discussed the recent key accounting and tax changes, the impact and opportunities that these changes would bring to individuals and businesses 税务与会计主题汇总 Summary of tax & accounting topics 税局新近动向 | Update on ATO activity 转让定价重大更新 | Major transfer pricing update 国际税收完整性措施更新 | Multinational tax […]
24/04/2023
Showcasing our newly acquired Australian artwork collection, the SW offices feature works by renowned artists Daniel Boyd, Belinda Fox and Andrew Taylor. Learn more below about the artworks in SW’s offices. From Daniel Boyd’s striking 3 panel digital installation of ‘Teach a Man to Fish’ to James Tylor and Rebecca Selleck’s Fire Country photographic series […]
06/04/2023
Citing a lag in action from the current Federal Government, Senator Andrew Bragg introduced a Private Senator’s Bill to Parliament on 29 March 2023 to progress Australia as a leading jurisdiction for crypto asset regulation. The Digital Assets (Market Regulation) Act 2023 follows Senator Bragg’s earlier draft, proposed in September 2022. It proposes a licensing […]
31/03/2023
National Australia Bank (NAB) recently announced the launch of its stablecoin, AUDN, which is backed by the Australian dollar. The move comes amid the exponential growth in digital payments, ownership, and trading in cryptocurrency, stablecoins, and other digital assets in Australia over the last few years. In a recent conversation with Danny Armstrong, NAB’s Chief […]
31/03/2023
We are thrilled to announce that we have been named a finalist in two key categories for the beaton Client Choice Awards. “For the sixth consecutive year, we have been recognised as a finalist for Best Accounting Firm ($30m – $100m revenue), and for the second year in a row, we have been named as […]