World Business NewsA 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, Tax.News.com] By Mary Swire, Tax-News.com, 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.