Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Foreign Income and Assets

ATO’s sights set on unreported foreign income

By Ling Dias
The ATO has reminded taxpayers to report all foreign income this tax time or risk facing hefty penalties. This includes but is not limited to income derived from work, investments or family members. The call for accurate reporting comes off the back of recently implemented international data sharing agreements.

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Undisclosed offshore income and assets? It’s time to get some advice.

By Brett Schmidt
The Common Reporting Standard (CRS) is the latest weapon available to global tax authorities in their fight against international tax evasion...

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The next four years

By John Barton
As we’ve now had just over 24 hours to digest one of the most unprecedented upsets ever seen in US political history, it is now time to take a deep breath and consider what the next four years could mean for the US, Australia and global markets.

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Moving to, investing in and doing business in Australia for the wealthy

Australia continues to develop its taxation and migration laws to attract wealthy foreign citizens to invest in and to live in Australia. Although moving to or investing in Australia can be attractive, expert advice should be obtained to ensure compliance with Australian regulations.

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ATO taxes Chinese citizen on cash transferred to Australia….a timely reminder for immigrants

Case study: ATO taxes citizen on overseas cash transfers made to Australia after he moved here.

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Reduced penalty period deadline for foreign investment breaches fast approaching

Earlier this year the Australian Government announced reductions in penalties for foreign investors who disclose breaches of Australia’s foreign investment rules for purchases of Australian residential real estate. This offer will come to an end on 30th November 2015.

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