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Showing posts from January, 2024

Certification in the defence industry — much more than just ticks in boxes

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Opinion: The world has been fixated on the ever-growing conflict between Ukraine and Russia these last eight months. Coupled with rising tensions between the US and China, defence capabilities and the defence industry as a whole have become the conversation topic at every event, social BBQ, and work conference across Australia, Dan Hadley writes. With the centrestage world view placed squarely on the Indo-Pacific region, Australia’s military modernisation is in the spotlight. This rapid rise in strategic capability is providing major project opportunities within the private defence supply chain sector. In an effort to maintain its capability edge and ensure Australia’s security and prosperity, Australia has entered a trilateral security partnership known as AUKUS with the United States and United Kingdom. AUKUS is driving an immense need for modern, high-quality defence applications in order to ensure sovereignty and threat deterrence. As recent as 2018, Australia rose rapidly to b...

FATCA: The all stick and no carrot approach to US taxation reporting

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  Almost everyone would agree that paying tax is not an enjoyable exercise. Companies and individuals alike tend to go to great efforts to minimise their tax liability without crossing the line into tax evasion. Paying  tax  is an important part of society as it is our contribution to keeping a country and all of its services up and running. Without it, no-one would pick up the garbage, no-one would police the streets and no-one would keep the lights on at night. But where do we draw the line? Many individuals and  businesses  conduct business, own  assets  or work in more than one country during any given year during our lives. Should we be paying tax to one country if the work or  profit  comes from our efforts in another country? When this happens it is known as “double taxation”. There are arguments for and against and ultimately we must abide by the law. Everyone in this scenario tends to stop at one time or another and ask themselves; “...