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  • Chief Financial Officers more hungry for risk
    The Q1 2014, Deloitte Quarterly survey of Chief Financial Officers of listed Australian companies reflects a strengthening outlook, with net 36 per cent of CFOs feeling more optimistic than they did three months ago.
  • ATO confirms powers to reconstruct “commercially unrealistic” transactions
    The ATO has issued its first tranche of guidance on the application of transfer pricing rules which became law from 1 July 2013. The rules were a response to difficulties faced by the ATO in challenging transfer pricing cases.
  • Tax highlights
    In this week we update on Corporations law amendments – ED legislation release updated, FATCA – Australia now treated as having an IGA ‘in effect’ and Free trade agreements – Japan and Korea
  • Deloitte breaks through a $ billion
    Professional services firm Deloitte Australia has broken through a billion dollars after announcing today annual revenues of just over $1.1B for the year ending May 31 2012.
  • Australia ranked world’s 10th most socially advanced country
    Social Progress Index launched to enable better understanding of worldwide progress and growth.
  • Wearables identified as reshaping how work is done: Deloitte Tech Trends 2014 report
    According to Deloitte Australia’s Tech trends 2014 report, on-body computing devices are ready for business. Wearable computing has many forms such as glasses, watches, smart badges, and bracelets.
  • Cloud technology increases efficiencies for entrepreneurs
    Businesses and entrepreneurs are benefiting from cloud technologies which give them a real-time view of their financial performance and position and enable them to identify potential risks and opportunities quicker than ever before.
  • Harper appointed to chair Competition Policy Review
    Professor Ian Harper, Deloitte Access Economics, today welcomed the Australian Government’s announcement of the terms of reference for its review of competition policy, and his appointment as the Chair of an independent expert review panel.
  • New ATO offshore voluntary disclosure initiative
    The Australian Taxation Office (ATO) has today released its ‘Disclose Offshore Income Today – 2014 program’ (the Initiative).
  • Deloitte welcomes Division 7A changes as making economic sense for business
    The recently released discussion paper about the Review of Division 7A which outlines a policy framework directed at achieving efficiency, simplicity and equity, has been welcomed by professional services firm Deloitte.
  • Queensland has its mojo back although it’s a patchy recovery for some
    Queensland is on the right side of history and perfectly positioned to sell its resources, tourism and other products into the growth of emerging Asia markets according to Deloitte Access Economics.
  • Tax highlights
    In this week we update on Employee remuneration trust arrangements – draft taxation ruling (TR) released, Comments received on discussion draft on transfer pricing documentation and country-by-country reporting and NSW payroll tax rebate announced.
  • ATO advocates use of alternative dispute resolution
    The ATO has told a Productivity Commission review of its increasing use of alternative dispute resolution (ADR). The Standing Committee on Tax and Revenue was advised of the ATO’s increasing use of tools such as mediation and independent review
  • Australia improves global competitiveness through digital technology, according to Deloitte’s Centre for the Edge
    In launching the Australian Shift Index, Peter Williams, Deloitte’s Chief Edge Officer, said technology is driving new knowledge flows and impacts how Australia engages with the world.
  • Troubled times for WA listed companies with operations in Africa
    Western Australian companies operating in Africa, and particularly gold miners, are struggling with a range of production, cost and productivity issues Deloitte Australia said today.
  • Mining Indaba Special Edition
    In this special edition, we look at the performance of Western Australian listed companies with operations in Africa over the past 12 months.
  • Deloitte 2014 TMT predictions: Converged living room sales to plateau; doubling up on pay TV; 2x as many IMs as SMSs to be sent
    The top global technology, media, and telecommunication trends for 2014 include the US$750 billion converged living room heading towards a sales plateau.
  • Investment Monitor December 2013: The stall before the fall
    The final quarter of 2013 provided some key positives for the Australian economy.
  • Deloitte to provide risk transformation services to Commonwealth of Australia
    In response to the continually evolving world of risk management, a consortium led by Gallagher Bassett Services (GB) and Deloitte has been awarded a contract to provide insurance and risk transformation services to Department of Finance (Comcover).
  • Business Outlook: US recovery accelerating
    The global economy’s recovery went soggy as governments wound back stimulus and central banks reached limits on how cheap they could make money.
  • Confidence amongst CFOs remains strong, as pressure to optimise capital builds
    Last quarter’s rebound in confidence levels amongst Australian chief financial officers has been sustained according to the latest survey from Deloitte.
  • December 2013 Model half-year report
    For entities with June year-ends, the December 2013 half-year reporting season will see application of new standards in major areas.
  • Deloitte to offer its people a ‘virtual’ share of the Sydney Opera House
    With 70% of its people ‘digital natives’, professional services firm Deloitte said today it was offering its people the opportunity to share in Australia’s great icon – the Sydney Opera House – virtually.
  • Globalisation of FATCA for multilateral exchange of tax information
    Timing and key aspects of the OECD project for multilateral exchange of tax information based on the model 1 intergovernmental agreements for the U.S. Foreign Account Tax Compliance Act.
  • AUD LIBOR discontinued ─ Can the LIBOR cap in Part IIIB still apply?
    We consider whether the LIBOR cap for interest deductions by Australian branches of foreign banks can still apply following discontinuation of the AUD LIBOR.
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