Rethinking taxation for Australia’s future

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Author

Maziar Foroudian
September 11, 2023

Latest Stories

During Tax Summit 2023, hosted by The Tax Institute (TTI), experts urged urgent reform for a better future in Australia.

Andrew notes AI’s remarkable growth in the past year, with new discoveries and applications.

New data reveals Smart50’s 2022 award winners generated $690,552,293 in revenue and created 1,000 new jobs.

Founder Rohan Pardasani shares Avaana’s journey in simplifying service discovery and booking in this week’s Founder Friday.

According to SEEK data, job ads fell, but seeker engagement soared in August.

How the push to get everyone back to work could disadvantage women and potentially ruin diversity initiatives.

Get a free communication boost with 150+ pro bono hours to expand in the UK.

Australia’s Southeast Asia Economic Strategy launch represents a pivotal move in fortifying economic relations with the dynamic Southeast Asian region.

COSBOA has rejected the federal government’s proposed industrial relations reforms.

Despite 96% of Australian generative AI users experiencing notable benefits, 57% trust AI to provide rapid results for their review and modification.

Top stories

Small businesses have been granted additional time to prepare for upcoming industrial relations reforms, as the Senate has delayed the report on the 'Closing Loopholes' bill until 2024.

Australia

In a post-COVID world, Australia's federal jurisdiction has made digital execution, electronic signatures, and video witnessing legally valid for statutory declarations. The move aims to streamline processes and ensure privacy and security.

National Australia Bank CEO, Ross McEwan, predicts that interest rates in Australia are likely to drop next year and that the economy will avoid a recession, citing resilience and migration as key factors.

Australian Economy

In defending his frequent travels abroad, the Australian Prime Minister emphasizes the importance of Australia having a seat at the table when it comes to global economic discussions and trade negotiations.

World

The G20 issued a declaration critical of the humanitarian and economic consequences of the Ukraine invasion, but failed to mention Russia or expressly condemn the war.

China's exports to the world have dropped 8.8% in August, marking the fourth consecutive month of declining overseas sales. Weak demand and geopolitical tensions are causing concern for multinationals.

Tech

In a high-stakes legal battle against the US Justice Department, Google's top lawyer, Kent Walker, must defend the tech giant against monopoly claims and convince the court that its dominance is due to superior products, not abusive tactics. If Google loses, it could face significant consequences for its $1.7 trillion empire. This case could reshape the future of the tech sector.

X, the platform formerly known as Twitter, has rolled out its Community Notes feature for videos, allowing users to add fact checks and important context to posts. The feature has been praised for its potential, but has also been manipulated in bad faith.

Curated for you

Are you losing out on blog traffic? Discover how to reduce your bounce rate and increase engagement through the use of interactive content.

Experts advise small business owners to prepare for potential changes by exploring alternative financing options and consulting with tax professionals. The bipartisan "Main Street Tax Certainty Act" aims to establish the Small Business Deduction as a permanent feature, promoting economic growth and job creation.

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