Daily Archives: December 7, 2019

Australia’s tax take is second-highest in world – that is taxes on income and profits as a percentage of total taxes – AFR article shows OECD rankings

On Thursday 5 December 2019, the Australian Financial Review published an article by one of its Senior Writers: John Kehoe, entitled: Australia’s tax take is second-highest in world. Yes, we are second only to Denmark, due to our reliance on direct income taxes. See below for article. [Tax Month – December 2019]

High Court torpedoes class actions – holding that existing laws do not support Courts making ‘class funding orders’

On 4 December 2019, the Australian Financial Review published an article by its Legal Affairs Editor: Michael Pelly, entitled: High Court torpedoes class actions. This was the same day, as the High Court struck down two class funding orders and was about that case – see related Tax Technical article. See below, for the article. [Tax Month…

BMW & Westpac cases – High Court rules that the Federal Court Act and the NSW Civil Procedure Act do not support Courts making ‘Class Funding Orders’ representative class actions

On Wed 4.12.19, the High Court allowed an appeal from a decision of the Full Court of the Federal Court of Australia and an appeal from a decision of the Court of Appeal of the Supreme Court of New South Wales – effectively striking down ‘class funding orders’ in representative class actions. See related Tax Technical…