This month we look at: the missing $3.6bn in super guarantee owed to workers, the Chobani yoghurt case that tests the boundaries of GST-free foods, and redrawing on investment loans.
- Workers owed $3.6bn in super guarantee
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure the Government and the regulators are looking to dramatically change. Pages 1-3 Read More
Chobani plain yoghurt is GST-free but Chobani’s ‘flip’ range is taxable? A recent case before the AAT demonstrates how fine the dividing line is between GST-free and taxable foods. Pages 5-6 Read More
- Warning: Redrawing investment loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax revenue. A big part of the problem is how taxpayers are claiming interest on their investment property loans. Page 6 Read More
Quote of the month:
“Do your little bit of good where you are; it's those little bits of good put together that overwhelm the world.”
Desmond Tutu, Anglican Bishop and theologian
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