May, 2014

Act Now To Secure These Business Deductions

Small businesses may want to act now and bring forward their capital purchases if they still wish to utilise the instant asset write-off of $6,500 or the $5,000 motor vehicle write-off in 2013-14. Businesses thinking of acquiring a depreciating asset costing less than $6,500 or a motor vehicle may want to do so to take advantage of these concessions while they still exist.

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How highly taxed are we compared to other countries?

While many of us may feel that we’re already paying enough to the taxman, recent Organisation for Economic Co-operation and Development (OECD) data reveals that Australia is in fact the fifth-lowest taxed nation of the 34 OECD member countries. (Statistics are taken from 2012 or the latest available year.) Australian total tax revenue was measured by the OECD at 26.5% of national GDP. The USA is rated third-lowest taxed nation at 24.3%. The lowest taxed is Mexico, at 19.6%. Higher taxed countries include Canada (30.7%) and Britain (35.2%), but the highest taxed OECD member country is Denmark, at 48.0% of […]

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Research by the University of Sydney found that total Chinese outbound direct investment (ODI) in Australia in 2013 was US$ 9,115 million, reduced from US$ 10,105 million in 2012. The Chinese investment profile is changing. For the first time in 2013 Chinese investment in Australia was not concentrated in the mining sector. We experienced a shift towards a larger number of smaller to medium sized deals and a larger share of private Chinese investors. But this did not make up the gap in mining investment. Australia narrowly lost its mantle in 2013 as the world’s top destination for Chinese outbound […]

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