Philip King

The Tax Office lacked the ability to respond to the widespread fake GST claims uncovered in late 2021, the Australian National Audit Office finds.

The investment strategies of APRA funds struggled to cope with the 2021-22 market downturn, Adelaide University research finds.

External supervision by a Tax Advisory Board is essential in the wake of the GST fraud response, says the accounting body.

A huge global survey highlights a handful of concerns as key to the future for the tax sector.

Higher interest rates plus increased prices for fuel and utilities mean revenue is down for 38 per cent of SMEs, the software supplier found.

Companies are already entering administration at above pre-Covid levels according to ASIC, with construction and food leading the way.

The Australian operation was boosted by a surge in demand for sustainability services and consulting, the firm says.

Technology similar to that in ChatGPT allows users to generate financial analysis including commentary and trends, the firm says.

The Melbourne start-up analyses satellite and climate data to reveal the environmental impact of agriculture.

Philip King is an editor in the sports department at the Globe and Mail.