Unemployment hits record low, but less people looking for work
While the unemployment figure dropped to 3.9 per cent, only 4,000 new jobs were created and 7,000 people gave up...
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The Australian Taxation Office (ATO) has its sights on more than a dozen multinational companies that are in the "red zone" when it comes to tax deductions claimed for their cross-border "related party loans".
On Tuesday, the Tax Office released draft guidelines to help companies assess whether their loan arrangements with related parties (such as a subsidiary based in a foreign country) carry a "high" or "low" risk of being audited, or even litigated in court.
Read the full article on ABC Online.