A Federal Budget with Paradox befitting a Pandemic
Gadens’ view of the Federal Budget 2020/21 The Government’s historic pandemic-era Budget is the most unashamedly pro-business budget in memory which also seeks to buttress employment from the headwinds of recession and technological change. In a seemingly counterintuitive outcome for a ‘pro-jobs’ strategy, the Budget’s tax depreciation policy change is poised to accelerate the inexorable […]
ReadmoreCOVID-19 | Webinar | JobKeeper | One month on
It’s one month since the JobKeeper payment was announced, and our panel of experts discussed what we are seeing in the market at the moment. Gadens Partners Siobhan Mulcahy (Employment Advisory), Peter Poulos (Corporate Advisory & Tax) and Andrew Kennedy (Property & Construction) covered the ‘in-the-field’ challenges, practicalities and strategies in implementing JobKeeper, and how […]
ReadmoreTaxpayers sacrificed at the accountant’s altar
The Government has released its new framework for taxing private company loans which will create significant cash flow and tax costs for private business in a once in ten year bonanza for accountants. The new rules deal with “Division 7A”, which currently deems private company loans to individuals and trusts to be unfranked dividends unless […]
ReadmoreGovernment quashes MIT concessions for foreign investors in major Easter-eve crackdown
The cost of capital for new investment in Australian infrastructure and much of the property sector will increase following changes announced yesterday to the taxation of Managed Investment Trusts (MITs) that are “stapled”, i.e. the MITs lease property assets to brother/sister operating companies. The key changes will increase the MIT withholding rate to 30% on […]
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