"Tread carefully": ATO warns taxpayers relying on AI-generated information
The ATO is concerned people looking to comply with the law will rely on AI tools that produce unreliable information.
Source: smartcompany.com.au
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Ampol pays $157m to settle transfer pricing dispute
The ATO welcomes arrangements with the company’s Singapore operations that stretch forward a decade. Ampol will pay $157 million to settle a tax dispute dating back almost a decade and has reached a
Source: accountantsdaily.com.au
PwC case prompts search for more consultants leaking government details
Federal officials are examining if there are other instances of consultants leaking confidential government information after certain PwC partners and staff were caught sharing secret policy information with clients while advising on measures to combat tax avoidance.
Source: afr.com
This week in tax: US midterms could spell tax gridlock
The midterm election results could spell gridlock on tax policy for the next two years, while the Dutch tax authorities are cooperating with Italy’s VAT investigation into Booking.com.
Source: internationaltaxreview.com
Big-end-of-town tax: miners, banks cough up, but for one-third it's zip
Just seven companies paid 40 per cent of the $69 billion income tax reaped from 2,500 large corporations.
Source: accountantsdaily.com.au