The Court of Appeal of the Supreme Court of Victoria has unanimously allowed the taxpayer’s appeal from the decision in Comr of State Revenue v Kameel Pty Ltd [2015] VSC 229 in which the Court held that the taxpayer, as vendor of a parcel of commercial property was liable for land tax in the 2010 to 2012…
The Commissioner has been successful in his application for summary judgment against husband wife taxpayers for amounts of $15m for assessments issued to the taxpayers for the 2006 to 2013 income years. The taxpayers sought to oppose the Commissioner’s application on the basis that the assessment process was “infected” by “conscious maladministration” on the part…
On Monday 2.5.16 (on the eve of the Federal Budget, the Shadow Assistant Treasurer: Mr Andrew Leigh, introduced the Tax Laws Amendment (Tougher Penalties for Country-by-Country Reporting) Bill 2016 [No 2] into the House of Representatives, as a private members bill. An overview of this bill (extract from the Explanatory Memorandum) In 2015 Parliament passed the Tax…
T a x T e c h n i c a l – M o n t h l y N e w s – May 2016 Developments – This is a collection of developments in Australian tax law and practice that occurred in March 2016 which aims to be relevant to tax practitioners.[i] Compiled By F John…