Daily Archives: September 23, 2018

Ireland collects disputed €14.3b of Apple EU taxes ahead of appeal – after putting in place all the arrangements for the investment, custody and management of this massive sum

The European Commission spectacularly determined that Ireland had given Apple illegal ‘State aid’ almost 2 years ago (reported by Reuters on 27.9.2016). The Commission ordered Ireland to recover the enormous sum of €13.1b plus interest (now €1.2b). I covered this in the Tax Technical article appearing in the September 2016 Tax Month. Ireland, however, sided with Apple, defending the…

ATO explains its ‘AUSid’ system for overseas entities to report and pay Australian GST – a secure, computer based, desktop system

The GST Act and TAA now require even more non-residents to interact with the ATO, and it has created the ‘AUSid’ system as portal for these interactions. The ATO says AUSid is a simple and secure way for overseas limited registered entities that transact with Australia and are registered for GST to report and pay…

Labor’s plan to abolish refunds of excess franking credit tax offsets – effectively referred by the Government, to a Committee it controls, to report on the implications & consequences of this proposal

The House of Reps Standing Committee on Economics will hold an inquiry into the implications of removing refundable franking credits. Labor had proposed such a policy in an announcement in March 2018, which I covered in the following Tax Technical article. I have extracted the key aspects of this policy, below. So the inquiry clearly has the…