A selection of news items to contemplate over a coffee. By Daniel Smedley, Principal at Sladen Legal
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Melbourne chosen as Square’s Australian headquarters. http://www.afr.com/technology/twitter-founder-jack-dorseys-square-opens-up-australian-headquarters-20150520-gh6a90
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ATO releases information regarding ride-sourcing (Uber like) services and the “sharing economy” (Airbnb etc).
https://www.ato.gov.au/Business/GST/In-detail/Managing-GST-in-your-business/General-guides/Providing-taxi-travel-services-through-ride-sourcing-and-your-tax-obligations/
https://www.ato.gov.au/Business/GST/In-detail/Managing-GST-in-your-business/General-guides/The-sharing-economy-and-tax/
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How effective will these new international tax measures be in practice? http://www.afr.com/news/policy/budget/federal-budget-2015-apple-likely-to-sidestep-hockeys-tax-20150513-gh0way
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ATO statement on new high wealth individuals (HWI) confirmation strategy. There is a big question if it will really reduce the workload. How accurate is the ATO data? https://www.ato.gov.au/General/Building-confidence/Privately-owned-and-wealthy-groups/About-privately-owned-and-wealthy-groups/How-we-identify-wealthy-individuals-and-their-businesses/HWI-confirmation-strategy-for-tax-agents/
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Govt media release: “Providing more certainty and better outcomes for taxpayers” http://jaf.ministers.treasury.gov.au/media-release/021-2015/
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