On 6.8.20, the Full Federal Court has allowed the ATO’s appeal against a decision that the so-called “backpacker tax” did not apply to a British national who was a tax resident of Australia because of a non-discrimination clause in the Australia-UK DTA. See below for further details. [Tax Month – August 2020] The…
On Friday 7.8.20 the Australian Financial Review’s reporters Hanna Wootton and Edmund Tadros posted an article entitled Age retirement partners rule is illegal: experts. It assesses the future of age based requirements for partners in professional forms to retire at certain ages, in wake of the recent claim by a former Deloitte partner, forced to retire…
On Friday 7.8.20, the Australian Financial Review posted an article by its Senior Writer: neil Chenoweth, entitled GE settled ATO audit for $273m in UK ‘tax fraud’ case. It involves a 4 day $4.9b loan with interest ‘triple-dipped’ in the US, UK and Australia before declaring tax free profits in Luxembourg. See below for details. [Tax…