Multi-lateral Instrument (MLI) – ATO updates its webpage for latest Synthesised Text for ‘covered’ DTAs

The ATO has a page on its website dealing with the Multi-lateral Instrument (MLI) – introduced by the OECD ‘base erosion and profit shifting’ (BEPS) initiative to quickly change bi-lateral ‘double tax agreements’ (DTA‘s) around the world to deal with various tax issues as they arise. They last modified this page on 22 October 2020,…

Federal Budget 2020 – Economic Stimulus through a Gender Lens: Why the Budget Did Not Deliver

Women have been highly critical of the male dominated focus of the 2020-21 Federal Budget. Although the Budget Speech acknowledged that women were disproportionately affected by the economic consequences of the COVID-19 pandemic, the fiscal stimulus measures were directed primarily to those areas of the economy that will benefit men. See below for further details.…

Greensill to be heard in Full Federal Court concurrently with the appeal by N & M Martin – assets not ‘taxable Australian property’ distributed to non-resident beneficiary still subject to our CGT (under subdivision 115-C)

The appeals against the decisions in Peter Greensill Family Co Pty Ltd v FCT [2020] FCA 559 and N & M Martin Holdings Pty Ltd v FCT [2020] FCA 1186 will be heard concurrently by the Full Federal Court, following orders by the Registrar on 22 October 2020. See below for further details. [Tax Month – October…