At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Clare Thompson, Barrister at Law, at the Western Australian Bar, entitled: Recent Cases. EXTRACT 1 Overview This paper considers the published decisions of the various courts and the Administrative Appeals Tribunal (AAT) on taxation matters during the calendar year 2018. In preparing the…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr Stuart Landsberg and Tariq Rasool, presented the paper they co-authored with Michael Bona, Gabrielle Fitzgibbon, Josh Johnson and Sarthak Sinha, all of accounting firm: PwC. It was titled: Reconstructing financing transactions: a focus on the debt and equity rules, Division 815 and thin capitalisation. EXTRACT 1 Introduction In…
At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Megan Bishop of accounting firms: EY, presented her paper, entitled: Restructuring Tricks and Traps. EXTRACT 1 Overview Settling on an appropriate structure for a professional practice requires considerable care to ensure the practices commercial and practical requirements are met and that the legal…
At The Tax Institute’s March 2109 National Convention, in Hobart, Mr. David W Marks QC, CTA, Barrister-at-Law, of the Queensland Bar, presented his paper, entitled: Fraud and Evasion. EXTRACT 1 Fraud and Evasion The policy of the law is that taxpayers with simple tax affairs should be able to treat their tax affairs as…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Gil Levy, CTA-Life, of Gilsons Chartered Accountants, presented his paper, entitled: A Taxing Journey Home. EXTRACT 1 Introduction Increasingly I am being approached by non-resident Australian expats and other non–residents for advice in connection with the taxation implications of their proposed relocation or immigration…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Geoff Mann presented a paper he co-wrote with Adam Ong, both of Ashurst, Lawyers. The paper was entitled: Where Are We With GST and Where Could We Be Going? EXTRACT 1 Overview This year marks the 20th anniversary of the passing of the…
At The Tax Institute’s March 2019 National Convention, in Hobart, Professor Graeme S Cooper at the Sydney University Law School, presented his paper, entitled: Application of the MLI (or Multi-Lateral Instrument). EXTRACT 1 Background This paper is about the development and operation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr Chris Wookey, CTA and Chartered Accountant, presented his paper, entitled: Div 7A and UPEs – the road ahead. EXTRACT 1 The road so far… Presently, there are two streams of amendments to Div 7A being developed: ▪ The ‘targeted amendments’ sourced from the…
At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Dung Lam, CTA of Argyle Lawyers Pty Ltd, presented his paper, entitled: Testamentary Trust and Taxes. EXTRACT 1 Introduction The title of this paper is ‘Testamentary Trusts and Taxes’ and one may presume that the speaker is motivated to spruik testamentary trusts because of…
At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Paul Banister, CTA, of accounting firm: Grant Thornton, presented his paper, entitled: Black Economy Measures – They Don’t Affect Your Clients Right…? EXTRACT 1 Overview Since responding to the Black Economy Taskforce’s (BET) Final Report in May 2018, the Government has been extremely…