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Posted on Apr 17, 2017

There are two sides to Australia’s economic story, Deloitte Lucky Country series

There are two sides to Australia’s economic story, Deloitte Lucky Country series

There are two sides to Australia’s economic story at the moment. On the one hand, we’re about to chalk up the longest recorded run without a recession that the world has ever seen. On the other hand, we’re suffering from the uncertainty around investment that has the whole world in its grip.  There are three plausible futures, according to Deloitte in its latest Lucky Country series.  #kdkmedia #kdkbulletin

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Posted on Apr 11, 2017

Cutting company tax is not in the national interest, Melbourne Economic Forum

Cutting company tax is not in the national interest, Melbourne Economic Forum

A cut in the company tax rate would boost production but reduce Australian incomes. Since national income, not production, is a measure of material living standards, cutting the company tax rate is not in the national interest. These are the conclusions by Janine Dixon, senior research fellow at Victoria University’s Centre of Policy Studies. Ms Dixon delivered  her paper on tax reform at the Melbourne Economic Forum.

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Posted on Apr 3, 2017

Business Council of Australia welcomes Senate’s company tax cuts announcement

Business Council of Australia welcomes Senate’s company tax cuts announcement

The Senate’s announcement for company tax cuts last week recognises that Australian company tax rates are out of step with the rest of the world and are holding back job creation and income growth, says Business Council of Australia CEO Jennifer Westacott.  Westacott’s says when larger employers don’t invest, that has serious flow-on effects to smaller businesses and to job creation and higher incomes. For more go to  http://bit.ly/1RKZe25  #kdkmedia #kdkbulletin

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Posted on Mar 20, 2017

Pitcher Partners releases its Deal Pulse of Qld M&A 2016 report

Pitcher Partners releases its Deal Pulse of Qld M&A 2016 report

What’s the Pitcher Partners’ Qld M&A deal?  TMT is top of the pops for M&As in the Sunshine State while mining and utilities continue to struggle. No surprises there as businesses navigate continued volatility in the commodities space. There’s also a dramatic fall in business services largely due to consolidation of the childcare industry and the tide going out in the Registered Training Organisation sector. Look up Pitcher Partners’ Deal Pulse of Qld M&A 2016  report.

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Posted on Mar 14, 2017

KPMG explores major tax bases in its ‘the future of tax in Australia’s federation’ report

KPMG explores major tax bases in its ‘the future of tax in Australia’s federation’ report

Tax reform – when do we get it?  Will we see tax reform in our life time? Maybe KPMG has the answer in its report “the future of tax in Australia’s federation”. The report explores the major tax bases, as well as potential tax bases such as rectification of the cash economy, environmental taxes, congestion charging, and asset, wealth and inheritance taxes. Essential reading for tax professionals and legislators.

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Posted on Mar 6, 2017

Franchisors and holding companies need to plan for the Vulnerable Workers Bill, Minter Ellison

Franchisors and holding companies need to plan for the Vulnerable Workers Bill, Minter Ellison

Franchisors and holding companies need to plan what they will do to ensure they comply with the Vulnerable Workers Bill once it becomes law. Minter Ellison explains what the bill does in its latest HR and IR update. This includes taking steps to ensure compliance by franchisees and subsidiaries, and contractual mechanisms to recover settlements of underpayment claims.  The Bill is in response to allegations of systematic underpayments by some 7-Eleven franchisees and other scandals.

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Posted on Feb 28, 2017

Policy makers need to put interests of jobs and energy before politics, AiGroup survey

Policy makers need to put interests of jobs and energy before politics, AiGroup survey

This new Australian Industry Group report Energy shock: no gas, no power, no future says policy makers need to put the interests of jobs and affordable energy before politics.  The report says energy prices are rising fast across the national electricity and gas markets with households to pay an extra $3.6 billion a year, and business up to $8.7 billion a year.

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Posted on Feb 19, 2017

Companies need a robust ecosystem when it comes to tech, Accenture

Companies need a robust ecosystem when it comes to tech, Accenture

This year’s Accenture TechVision report is all about technology for people. Companies need more than platform strategies, they need a robust ecosystem approach particularly when 74% of execs agree their organisations are entering entirely new digital industries that have yet to be defined.

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Posted on Feb 13, 2017

Is your supply chain leaving you exposed and at risk of corruption-related offences? Dentons

Is your supply chain leaving you exposed and at risk of corruption-related offences? Dentons

If you are a business owner dealing with suppliers, you are potentially at risk of penalty for corruption-related offences. Many Australian corporates have become complacent and invested too little time and energy into ensuring their compliance with anti-corruption legislation in all jurisdictions in which they (and their supply chain) operate. That’s a big mistake, says Dentons.

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Posted on Jan 23, 2017

What drives a customer to buy is critical for companies, KPMG 2017 Global Online Consumer report

What drives a customer to buy is critical for companies, KPMG 2017 Global Online Consumer report

What drives a customer to buy – the January sales no doubt saw retailers reassessing their marketing and online strategies. Did they reach their targets, have they kept trusted customers and did they manage to woo new shoppers? Understanding what drives a customer to buy online or offline is critical for companies. Retailers should take a look at KPMG’s 2017 Global Online Consumer report for some answers.

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Posted on Dec 14, 2016

ATO hot to trot in pursuing directors personally for breaches, Minter Ellison

ATO hot to trot in pursuing directors personally for breaches, Minter Ellison

ATO hits directors in loan ‘sham’: What happens when a company debt is turned into a personal debt owed by the directors? The Federal Court ruled last month that four out of six directors had breached their duties as directors as a result of tax planning involving back-to- back loan schemes with Israeli and Swiss banks for the purpose of avoiding tax.  This blog by Minter Ellison is a reminder to directors to consider their duties in planning their approach to tax, and that the ATO is hot to trot in pursuing directors personally for any breaches.

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