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Tax
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A sharing economy reporting regime – Consultation paper
22 Feb 2019 - The ABA does not support reporting by financial institutions (option 2) and agrees with the submission of the Australian Payments Network that such a reporting regime would not meet Treasury’s stated criteria of a good reporting regime.
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The digital economy and Australia’s corporate tax system
13 Dec 2018 - Banks in Australia contribute a significant quantum of total corporate taxes paid in Australia and do not structure their tax affairs through low taxing jurisdictions. They were, therefore, not the obvious target of the recent OECD Base Erosion and Profit Shifting (BEPS) actions.
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The Australian Bankers’ Association submission on the GST treatment of digital currency
6 Jun 2016 - The ABA lodged a submission with Treasury on the GST treatment of digital currency. The submission addresses three key aspects of the discussion paper: 1) The desired policy outcome, 2) Identifying and characterising digital currencies, and 3) The alternative approaches to the GST treatment of digital currencies.
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The Australian Bankers’ Association submission on Improving tax compliance etc and Business transactions
15 Feb 2016 - The ABA provided feedback to the ATO on Improving tax compliance - enhanced third party reporting, pre-filling and data matching and Business transactions made through payment systems.
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The Australian Bankers’ Association submission on the Inquiry into tax deductibility
18 Jan 2016 - The ABA lodged its submission to the Standing Committee on Economics Inquiry into tax deductibility.
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The Australian Bankers’ Assocation submission on multinational tax avoidance
2 Sep 2015 - The ABA provided The Treasury with feedback on Multinational Tax Avoidance - Country-by-Country reporting and stronger penalties.
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The Australian Bankers’ Association submission on improving tax compliance - enhanced third party reporting, pre-filling and data matching
14 Aug 2015 - The ABA provided feedback to Treasury on the Exposure Draft of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Bill 2015: Third party reporting.
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The Australian Bankers’ Association submission on Foreign Resident Capital Gains Withholding Tax
7 Aug 2015 - The ABA provided comments to Treasury on its Exposure Draft Foreign Resident Capital Gains Withholding Tax.
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The Australian Bankers’ Association submission on the Federal Government’s tax discussion paper
9 Jun 2015 - The ABA discusses elements of the current tax system that have served Australia well and opportunities for reform that would lead to a more efficient, simpler, fairer and internationally competitive system.
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The Australian Bankers’ Association submission on Tier 2 Capital Regulatory Capital
9 Feb 2015 - The ABA commented on the Board of Taxation’s review of the debt and equity tax rules.
