On Sunday 2 August 2020, Victoria stepped up its COVID-19 restrictions – the Greater Melbourne area to ‘Stage 4’. This includes stricter ‘stay at home’ restrictions – 8pm-5am curfew, 5km limit, only 1 hour exercise, only 1 person per household leaving to shop for much reduced essential goods and services. But an important facet of…
On 3 August 2020, the Australian Financial Review posted an article written by its National Affairs Correspondent: Angus Grigg entitled: Tax haven residents hold $5.7 billion of cash in Australia. This information is a result of the ATO publishing non-secret aggregate data from recent information sharing reforms, between Revenue Authorities, which came out of the ‘base…
T a x T e c h n i c a l – M o n t h l y N e w s – August 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 ______________________________________________________________________________ COMPILING…