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Mid-tier businesses confident, KPMG Enterprise pre-Budget survey finds

KPMG
Australia’s mid-market businesses are upbeat, and markedly less worried about the ending of the JobKeeper program than they were six months ago, KPMG Enterprise’s annual pre-Budget survey finds.
The survey of 100 mid-tier business leaders and directors found two-thirds (68 percent) had either used government support mechanisms through COVID and were ’emerging with confidence’, or said that new opportunities had emerged as a direct result of the past year’s experience. Less than half said that COVID or other factors had negatively impacted the business.
Only one-third expected the recent ending of the JobKeeper scheme to lead to a significant decline in economic activity and higher unemployment. This compared to two-thirds in the equivalent KPMG Enterprise survey just ahead of the October Budget last year. Almost one-half had used JobKeeper and one-third the instant asset write-off scheme. ....

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Volta Names Uber Finance Executive Francois Chadwick As Chief Financial Officer

Volta Names Uber Finance Executive Francois Chadwick As Chief Financial Officer
Chadwick will bring finance and growth expertise to Volta as it plans to enter the public markets
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SAN FRANCISCO, April 19, 2021 /PRNewswire/ Volta Industries, Inc. ( Volta ), an industry leader in commerce-centric electric vehicle (EV) charging networks, today announced it has named Francois Chadwick as Chief Financial Officer. Mr. Chadwick previously served as Vice President, Finance, Tax & Accounting at Uber Technologies, Inc. ( UBER ).
Volta names Uber Finance Executive Francois Chadwick as Chief Financial Officer
In his new role, Mr. Chadwick will be responsible for leading Volta s finance team, including guiding growth plans following the completion of Volta s previously-announced proposed business combination transaction with Tortoise Acquisition Corp. II (NYSE: SNPR), a publicly-traded special purpose acquis ....

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SC rules in taxpayers' favour in software royalty case; ends two-decade old dispute

Cross-border payment for software not royalty, SC ends two-decade old tax dispute
SC says there is no obligation on a person to deduct tax at source, as the end-user licence agreements in these cases do not create any interest or right in such end-users, which would amount to the use of or right to use any copyright
Dipak Mondal | March 3, 2021 | Updated 13:35 IST
Tax experts hailed the SC order, saying the judgment would have a far-reaching impact
The Supreme Court has put an end to an over two-decade-old software royalty tax dispute after it ruled that cross-border payments made for the sale of software to a non-resident are not to be taxed as royalty . ....

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SC rules in taxpayers' favour in software royalty case; ends two-decade old dispute

SC rules in taxpayers' favour in software royalty case; ends two-decade old dispute
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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Customs duty hikes: Companies to look at rejigging sourcing structures

Customs duty hikes: Companies to look at rejigging sourcing structures
February 03, 2021
Will need to increase local sourcing, say players
With the Central government continuing with its strategy to hike customs duties in the latest Budget in a bid to boost domestic manufacturing, consumer durables and footwear companies said they are re-looking at their supply chains to step up focus on sourcing of components or parts domestically.

Kamal Nandi, President CEAMA and Business Head & Executive Vice President,Godrej Appliances, said, “Consumer durable brands will need to increase local sourcing, which will, in turn, encourage the growth of the component ecosystem and this will enable them to attain scale. The hike in the basic customs duty on compressors, used to make refrigerators and air-conditioners, is a step in the right direction to encourage development of the component ecosystem in the country in the long term.” ....

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