On 8 September 2021, the High Court brought down a defamation decision of very considerable significance – even to tax practitioners. It found that the host of a Facebook page, could be liable for defamatory comments made, by a third party, in response to a news article they had published. The basis was that they…
The traditional ‘gateways’ to taxation, around the world, have been ‘residence’, ‘source’, and ‘permanent establishments’. These have been under pressure, for some time now, as technology makes all these more ambiguous. Covid-19 has recently exacerbated this, in some dramatic ways. Lockdowns, closed borders, people trapped in the country they were in, people retreating home, people…
This is a good summary of the Covid-19 support packages offered by States and the Territory economically affected by their ‘lockdowns’ as at the beginning of September 2021. See below for further details. [Tax Month – September 2021] Tax Institute summary of State and Territory 2021 COVID-19 business support measures The Tax Institute…
T a x T e c h n i c a l – M o n t h l y N e w s – September 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 ______________________________________________________________________________ …
On 25 August 2021, the AAT decided a GST case: WYPF v CofT, in which it held that an ACT developer, of new residential premises, could not reduce the ‘margin’, on which GST is payable, under Div 75 of the GST Act, by $77m cost of its ‘Building Works’. The ATO accepted that both the…
In Victoria, we’re no longer alone in being pretty Covid weary, but spare a thought for our Authorised Workers, who’ve just had the 4th change, in 12 days, in restrictions affecting whether they can get childminding. The latest change relaxes restrictions, so childminding is now available, but only if the child is enrolled in primary…
The Federal Treasurer and the ACT Chief Minister have issued a joint media release advising that the COVID-19 economic support measures have been expanded due to the extension of the lockdown in the ACT. The extension is currently due to run to 17 September 2021. See below for further details. [Tax Month – August 2021] …
On 30 August 2021, Treasury registered the latest compilation of Accounting Standard AASB 112 – Income Taxes. This compilation incorporates relevant amendments made up to and including 6 March 2020. See below for further detail. [Tax Month – August 2021] AASB 112 Income Taxes prescribes the accounting treatment for income taxes. The principal issue in accounting for income…
On 20 August 2021, the Full Federal Court allowed the ATO’s appeal, holding that commissions paid by, and rebates paid or received, under agreements with junket tour operators, should be not be taken into account, in working out the casino’s “global GST amounts” – because, in essence, they were not paid to the gamblers, but…
On Monday this week (23.8.21) I reported on the relaxations, in restrictions, for Authorised Workers (including many lawyers) trying to look after their children, whilst working. However, just a few days later, there have been further changes, so that parents can only access ‘child-minding’ for children under school age. This is with effect from the…