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Australian Budget 2024 walks a fine line, and steps over details for multinationals and foreign investors

For the second year in a row, the Australian Government has delivered a surplus which this year is projected to be $9.3b. As with last year s Budget, the 2024 Budget was delivered against a continued backdrop of inflation (albeit moderation), cost of living pressures, high interest rates, and increasing geopolitical instability. It has tried to walk a fine line of providing incentives in nationally strategic areas (particularly in relation to the energy transition) without fuelling demand pressures which threaten to increase inflation and interest rates. Time will tell whether this will be successful. ....

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Key tax-related changes in the Australian Federal Budget 2024–25

Key tax-related changes in the Australian Federal Budget 2024–25
internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.

Jim Chalmers , Australian Taxation Office , Shadow Economy Compliance Program , Australian Treasury , Future Made , Avoidance Taskforce , Economy Compliance Program ,

Rob Heferen named as Australia's new Taxation Commissioner, replacing Chris Jordan

Treasurer Jim Chalmers says the incoming ATO boss is an “outstanding leader and one of the nation’s most experienced tax experts”. ....

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Multinationals and tax: coal and gas giants to begin paying record tax

ATO second commissioner Jeremy Hirschhorn said several major coal and gas exporters had exhausted losses carried forward from setting up projects, and were now paying significant income tax. ....

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ATO eyes tech giants skimping on tax

Microsoft and Apple report shrunken profits. ....

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