Category Archives: Policy

Border Adjustment Tax – Australia Tax Alert

This article was written by Betsy-Ann Howe (AmCham Taxation Commitee Member), Rebecca Bolton and Mary Burke Baker from AmCham Premium Member K&L Gates. It is republished with permission.

DOING BUSINESS IN AMERICA?

The House Republicans have proposed sweeping changes to the U.S. tax system, specifically that income from the export of goods, services and intangibles will not be subject to federal income tax, and that the cost of such imports into the U.S. will not be deductible. By incentivising exports and deterring imports, the proposed “Border Adjustment Tax” (BAT) is intended to increase domestic production, strengthen the U.S. economy and create new jobs, and deter corporate inversions and erosion of the U.S. tax base. It also is estimated to pay for approximately one-third of the cost of the Republicans’ comprehensive tax reform plan – known as the “Blueprint” – of which the BAT is a major component.

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High-Skilled Business Immigration under Trump

As President Trump delivers a host of Executive Orders on immigration, AmCham member Berry Appleman & Leiden LLP’s article below is worth reading for any individual or organisation wishing to know more about how the Trump administration’s immigration policies will affect business. You can follow all the latest updates through BAL here.

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Trump: Campaign Promises and Priorities

Innauguration (2)

During the campaign, Trump issued a 10-point plan for overhauling the immigration system. The plan focused on building a wall along the US-Mexican border and other enforcement measures, but Trump also called for a reduction of legal immigration and new “immigration controls to boost wages and to ensure that open jobs are offered to American workers first.” Based on his stump speeches and the positions he took during the primary and general election debates, Trump is expected to focus on the following priorities:

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High-Skilled Immigration Policy Under President Trump

Donald Trump’s surprise victory in the presidential election has upended the political and policy landscape for immigration. It will still fall to Congress to make substantial changes to the immigration system, but the Trump administration will have authority to reshape the lives of hundreds of thousands of unlawful immigrants and influence the ability of US companies to access and retain highly-skilled foreign workers. This paper explores how the Trump administration will approach the issue of immigration and analyses how administrative reforms will impact US companies.

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Focus on trade facilitation: A single window for trade in Australia

With US President-Elect Donald Trump promising to withdraw the US from the TPP, now is a good time to shift our focus to other trade facilitation measures that have been developing in the background. One of these is the implementation of a Single Window for trade. What is it, why is it important to know about it and how will it affect trade?

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U.S.-Australian Business Community Starts Final Push For TPP Vote With Capitol Hill Outreach

This article was written by Jenny Leonard, Associate Editor at Inside U.S. Trade. It originally appeared here

The American Chamber of Commerce in Australia is beginning a final push for a lame-duck vote on the Trans-Pacific Partnership, with global CEOs attempting to convince U.S. lawmakers of the agreement’s overall benefits despite individual provisions that might have left some members “disappointed” — and warning that the window for passage of the deal is closing rapidly. Continue reading

Let’s Remember US Ambassador John Berry: 5 cool things and 10 worldly lessons

US Ambassador John Berry is about to conclude his time in Australia so let’s remember 5 cool things about him:

 

1. He headed the modernisation of US National Zoo.
2. He led a workforce of 2 million people as Director of the US Office of Personnel Management
3. He’s the former CFO and COO of Dept. of Interior
4. He managed 40% of US federal law enforcement officers while at the US Treasury Dept.
5. He has the best piece of management advice you’ll ever hear (see below).

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