Rudy Noel Frugtniet – Would-be lawyer carries ‘bag of dishonest conduct’ The Age newspaper – article by Selma Milovanovic; April 23, 2011 — 12.00am This article appears to provide background on the Rudyt Noel Frugtneit, the subject of other cases reported other Tax Technical articles, including: Proceedings to terminate Frugtniet’s registration as a tax agent; and A High…
BRUSSELS – Reuters reports that the European Union finance ministers are set to remove this week the (1) British overseas territory of Bermuda, (2) the Dutch Caribbean island of Aruba and (3) Barbados from the bloc’s blacklist of tax havens (per an EU official speaking on Mon 13.5.2019). See below for the full article. FJM…
The taxpayer has applied for special leave to appeal to the High Court from the decision of the Full Federal Court in FCT v Resource Capital Fund IV LP [2019] FCAFC 51. In that case, the Full Federal Court upheld the Commissioner’s appeal in relation to the tax treatment of profits made by two US…
On 8 May 2019, Chartered Accountants Australia and New Zealand (CA) made a preliminary submission to the Independent Review of the Tax Practitioners Board (TPB) and the Tax Agents Services Act 2009 (TASA). It sets out a list of 14 things that are NOT working, in Appendix 1. This includes the ‘Interaction between Tax Agent…
On 18 April 2019, The Tax Institute (Institute) made a submission to the Independent Review of the Tax Practices Board (Board) and its enabling legislation: Tax Agents Services Act 2009 (TASA). See this related Tax Technical article, covering this review. I made a submission to this review, as did the Law Council of Australia and…
The following notices were made by Commissioner’s delegate on Wed 8 May 2019 and registered on the Federal Register of Legislation, on Mon 13 May 2019: The Notice of Requirement to Lodge a Return for the Income Year Ended 30 June 2019 The Notice of Requirement for Parents with a Child Support Assessment to Lodge a…
On 26 April 2019, the ATO uploaded its summary of the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (what it calls the Stapled Structures Act). This was covered in this related Tax Technical Article. See below for the ATO’s summary. FJM 12.5.19 [Tax…
PARIS (Reuters) – Google will not have to pay €1.1 billion in back taxes demanded by French authorities, an appeals court in France ruled on 25 April 2019, dashing the French Government’s bid to overturn a 2017 decision. See below for further detail. FJM 12.5.19 [Tax Month – Jan-April 2019] The latest ruling…
The Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2019; Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018 were passed into law on 5 April 2019, when they received Royal Assent as Acts No. 34,…
Tax agent Richard Hill applied for a stay of the Tax Practitioners Board’s decision to terminate his registration, for failings in the administration of his own affairs (even though there were no client complaints). See below for further detail about why the TPB took this action and why the AAT refused to grant the stay.…
