ATO Chief Tax Counsel & Deputy Chief Tax Counsel Appointments
Search International is pleased to announce that the Australian Taxation Office has appointed Jeremy Hirschhorn as Chief Tax Counsel and Kirsten Fish as Deputy Chief Tax Counsel.
The “loss carry-back” provision to be included in tomorrow’s budget will see Australian companies claim back overpaid taxes from previous years and reclaim paid taxes for up to $1 million worth of losses.
The rebate will bring Australia into line with Canada, the United States and Britain and will assist Australian companies by improving cash-flows. Treasurer Wayne Swan is set to announce the change tomorrow to be in effect as of mid-2013.
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