The State Taxation Acts Further Amendment Bill 2019 (Vic) has passed all stages without amendment, on 14 Nov 20-19, and awaits asset. This includes both Duties and Land Tax changes. See below for a summary of the Bill. FJM 17.11.19 [Tax Month – November 2019]
The WA District Court dismissed a Deputy Commissioner’s claim for an extension of time to bring a summary judgment application concerning a director penalty notice (DPN) and then dismissed the summary judgment claim itself. DPN liability can apply to underlying company liabilities arising both before and after the directorship period – so beware. See below…
On 15 Nov 2019, the ATO put out a media release, headed: Victorian building developer digs hole for himself over GST fraud. He was sentenced to 3 years in jail. See below for the media release. FJM 17.11.19 [Tax Month – November 2019]
On Friday 15 Nov 2019, The Tax Institute published an article, in its weekly ‘TaxVine’ news update (#44), by its Senior Tax Counsel: Bob Deutsch, entitled: The American political scene – Are wealth taxes coming? See below, for the article. FJM 17.11.19 [Tax Month – November 2019]
T a x T e c h n i c a l – M o n t h l y N e w s – November 2019 Edition – Tax developments for tax practitioners by a tax practitioner. Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ You…
On 30 October 2019, His Honour: Justice Logan, in the Federal Court, held that a UK backpacker did not have to pay the ‘backpackers tax’ on her Australian income – because the ‘anti-discrimination clause, in the relevant Double Tax Agreement, prevented it. See also related Tax Technical article. See below for a summary of the…
The Australian Tax Forum, published an article about the Full Federal Court decision about the Financial Synergy Holdings Pty Ltd v FCT case – entitled: “ Clash of the deeming provisions: pre‑CGT concessions, tax consolidation and policy in the Federal Court”. This was in Volume 31 (2106) and was written by: Carlos Barros, Eu‑Jin Teo and Sarah…
On 31 October 2019, the new Inspector-General of Taxation, commenced two new investigations: An investigation and exploration of undisputed tax debts in Australia; and Death and taxes: An investigation into ATO systems and processes for dealing with deceased estates See below for details. FJM 10.11.19 [Tax Month – October 2019]
On 30 October 2019, the Australian Financial Review published an article by Janna Mather and Liz Main, titled: Chinese developer’s assets frozen over $100m tax bill. See below for article. FJM 9.11.19 [Tax Month – October 2019]
On 23 October 2019, the Australian Financial Review published an article by Tim McIlroy, entitled: ATO boss Chris Jordan attacks whistleblowers. See below for the article. FJM 9.11.19 [Tax Month – October 2019]