The AAT has decided that a payment made to the taxpayer, in settlement of a court case against his former employer, was not for loss of earning capacity but only for loss of earnings and was an ‘eligible termination payment’. See below for further details. [Tax Month – August 2021] The facts were these.…
A company was denied ‘JobKeeper’ payments in respect of staff who transferred from another group company, despite ATO advice that a new employer can have ‘eligible employees’, but, the company was also a new company (part of a corporate restructure) and was not in existence, on the key 1 March 2020 date. See below, for…
One basic maxim of tax policy is “tax luck but don’t tax hard work”. Another is “broad bases, low rates”. And yet we don’t. With that introduction the Director of the Tax and Transfer Institute (Crawford School, ANU) Robert Braunig, introduces a smorgasbord of the Institute’s latest offerings. See below for further details. [Tax Month –…
T a x T e c h n i c a l – M o n t h l y N e w s – August 2021 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…