News Pulse for August 16, 2016

A daily download of SME, startup, fintech and tax news from around Australia.

Multinationals transparency action | The Hon Kelly O’Dwyer MP

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP said implementation of the Turnbull Government’s commitment to ensure greater transparency by large multinational companies in Australia moves forward with the Australian Taxation Office (ATO Australian Taxation Office) starting consultation with affected businesses.

Sydney startup Xref raises a further $8 million only six months after an $18 million backdoor ASX listing

Sydney entrepreneur Lee-Martin Seymour had been working in the HR space for more than a decade when he saw a glaring gap in the market.

He discussed the idea for a simpler and more efficient way for employees to provide references over lunch with his friend Tim Griffiths.

HPE targets SMBs with new flash and software-defined storage options

On Monday, HPE announced two new shared-storage solutions, priced under $10,000, to bring hybrid Flash technology and software-defined storage to SMB customers. If successful, the tools could help modernize smaller data centers and give SMBs more storage flexibility.

How incubators are empowering fintech startups

Of all the technological innovations taking the world by storm, fintech has certainly been one of the most prolific. Hundreds of new startups are entering the space, offering products including everything from lending to more specialised fare.

Older, more experienced bankers and financial experts leaving their industries have created many of these startups. But just as many have started through young up-and-comers – and they’ve needed a little helping hand along the way.

RACQ will not join Uber in ride-share market, says Paul Turner

Fired-up RACQ executive Paul Turner says the Taxi Council Queensland has wrongly accused the motoring group of wanting to enter the ride-share market.

Mr Turner said that the RACQ, which has 1.6 million members, has no plans of becoming a player in the ride-share market alongside Uber and in opposition to taxis.

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