The Australian government is to revise its corporate tax take estimates for
the coming financial year following a $3.3bn (£1.65bn) decline in revenue based
on forecasts just three months ago.
The federal budget was announced by treasurer Wayne Swan yesterday, with the
official budget papers revealing a ‘sharper contraction in corporate profit’,
Corporate investment is expected to weaken sharply following the mining boom
of the past four decades, with an estimated 18.5% drop over the next 12 months.
The Rudd government will almost triple the value of debt securities on issue
to $300.8bn (£150.8bn) over the next four years, including $58bn (£29bn) this
Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date