Tax Month – June 2020

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – June 2020 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 ______________________________________________________________________________  …

Foreign investment reforms proposed – stronger, more flexible ‘national interest test and enforcement (tax information sharing)

On Friday 5.6.2020, the Government announced major reforms to the Foreign Acquisitions and Takeovers Act 1975. The proposed changes deal with national security risks, strengthening compliance measures, streamlining approval processes and administrative enhancements. There is a specific Tax implication involved in this too. See below for further details. [Tax Month – June 2020]    …