Revelations of rampant cheating at KPMG echo the broader decay in culture at the top of business in Australia; at the Big Four firms which advise both our largest corporations and government, indeed the firms to which government itself is being outsourced. Michael West speaks with Jeffrey Knapp.
Billionaire property developer Phillip Dong Fang Lee, and his wife Xiaobei Shi have had their vast network of Australian assets frozen as the tax office pursues them for more than $272
The Federal Court orders apply to 16 properties linked to the couple and their corporate interests, including their $40 million Point Piper mansion, Mandalay, as well as a Star City Casino account and their fleet of luxury cars including a Bentley, a Rolls Royce Ghost and a Porsche Cayenne.
Retirees Sherryl and Len Yearsley said their Fame Cove Community Action Group had blocked several grandiose development applications, including a $200 million resort and golf course.
BUSINESSES GIVEN 28 DAYS TO MAKE AN EFFORT TO MANAGE TAX DEBT
In what circumstances can the ATO report unpaid debts to a credit reporting bureau?
What type of tax debt is factored into the >$100k disclosure threshold?
What's the impact?
What should advisors do?
Whether it is in government or private enterprise, very often a small event encapsulates a massive problem and becomes a trigger for much-needed action.
Staking has become one of the most popular ways to earn a passive interest in the growing crypto ecosystem. However, regulators are now catching up, with the likes of the U.S Securities Exchange Commission (SEC) and Internal Revenue Service (IRS) narrowing down to Decentralized Finance (DeFi) projects. Most of these innovations have been built on the Ethereum blockchain and leverage a Proof-of-Stake (PoS) consensus to function effectively.