Sep 2016

Why Australian Accountants need to be concerned about the ATO’s recent moves to tax Outsourcing companies

By: Odyssey Legislation
Tags: Diverted profits tax, Offshore entities, Offshoring, Outsourcing, Royalties

In the recent case of Tech Mahindra Limited v FCT, the Federal Court held that an Indian resident company which carried out IT services for Australian clients both from its Australian permanent establishment (PE) employees and by its Indian employees was liable to tax in Australia in respect of part of the income derived from the services provided from India. …


Sep 2016

An NZ Economists view of things

By: Odyssey Publication
Tags: iphone, Technology, Wages growth

We thought this week we’d strike out into some interesting territory, and Tony Alexander’s BNZ weekly overview of 25th August 2016 gives some interesting reading. With most Australians holding property or intending to invest in Australian property, the NZ outlook gives a good view of our own market. Though it should be remembered that NZ has no stamp duty for property, no …