R v Agius; R v Castagna (No 14) – 70 year old cousins jailed for about 7 years each, for diverting Macquarie fees through Vanuatu without declaring them as income

Tax Month - August 2018

On 10 August 2018, the NSW Supreme Court sentenced cousins: Robert Agius and Anthony Castagna to jail, for 2 counts of what could broadly be called defrauding the Commonwealth (count 1 under s29D of the Crimes Act 1914 and count 2 under s135.4(3) of the Criminal Code 1995) and a 3rd count of dealing with…

Small Business Ombudsman calls for ‘instant asset write-off’ to be extended from a $20,000 cost cap to $100,000 – public hearing of Lower House Economics Committee on impediments to small business

Tax Month - August 2018

On 6 August 2018, the Australian Small Business and Family Enterprise Ombudsman: Kate Carnell, put out a media release, calling for (amongst other things) for the ‘instant asset write-off’ to be increased from $20,000 to $100,000 and that this be embedded in legislation (as opposed to simply being a temporary measure enacted only in the…