World Business News

A round up of the latest news for those doing business internationally

Australia confirms tax changes to cut red tape

Zone(s): Australia ¦ Sector(s): Taxation

[25 June 2014,]  By Mary Swire,, Hong Kong:  The Australian Government has said that it will reduce taxpayers’ compliance costs by about AUD56m (USD52.7m) a year by making changes to the way tax obligations are met and reported. The proposed administrative reforms to pay-as-you-go (PAYG) installment thresholds are expected to benefit an estimated 372,500 small businesses.