The federal government has appointed former KPMG International chief Michael Andrew as new chairman of the Board of Taxation, among three other appointees, to help improve tax laws and regulations.
The Board of Taxation comprises 10 members and is a non-statutory advisory body designed to contribute to improving the design of taxation law and its operation.
The appointments come amid increasing government talk of crack-down on international profit shifting and tax minimisation, with Treasurer Joe Hockey confirming on Tuesday the government was looking to impose a "Google tax." Multinationals were "robbing Australians" by avoiding tax, Hockey said.
Along with Andrew, Peggy Lau Flux, Mark Pizzacalla and Craig Yaxley were appointed members of the Board.
Andrew served as chairman and chief executive of KPMG International and chairman of KPMG Australia, and is currently the co-chair of the Australian B20 working group on anti-corruption and transparency.
Mrs Lau Flux has worked in corporate banking for Citibank and Standard Chartered Bank in Hong Kong and has served on the board for the Council for International Trade and the Australia China Council, among others.
Mr Pizzacalla, the former chair of the Tax Institute’s national SME sub-committee, is currently a Partner in BDO’s tax practice and has PhD on the taxation of SMEs in Australia.
Mr Yaxley is KPMG's Western Australia lead tax partner and the chair of the AMEC Tax Committee.
All appointments are for three years.
This news story is reprinted from www.theaustralian.com.au
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The Board of Taxation comprises 10 members and is a non-statutory advisory body designed to contribute to improving the design of taxation law and its operation.
The appointments come amid increasing government talk of crack-down on international profit shifting and tax minimisation, with Treasurer Joe Hockey confirming on Tuesday the government was looking to impose a "Google tax." Multinationals were "robbing Australians" by avoiding tax, Hockey said.
Along with Andrew, Peggy Lau Flux, Mark Pizzacalla and Craig Yaxley were appointed members of the Board.
Andrew served as chairman and chief executive of KPMG International and chairman of KPMG Australia, and is currently the co-chair of the Australian B20 working group on anti-corruption and transparency.
Mrs Lau Flux has worked in corporate banking for Citibank and Standard Chartered Bank in Hong Kong and has served on the board for the Council for International Trade and the Australia China Council, among others.
Mr Pizzacalla, the former chair of the Tax Institute’s national SME sub-committee, is currently a Partner in BDO’s tax practice and has PhD on the taxation of SMEs in Australia.
Mr Yaxley is KPMG's Western Australia lead tax partner and the chair of the AMEC Tax Committee.
All appointments are for three years.
This news story is reprinted from www.theaustralian.com.au
Read more details on Payroll Outsourcing Services
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