T a x T e c h n i c a l – M o n t h l y N e w s – March 2023 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…
ZIOLKOWSKI v Commissioner of Taxation (Taxation) – [2023] AATA 292 (02 March 2023) (Mr P W Taylor SC, Senior Member) TAXATION – application for reinstatement – income tax assessment and penalty decision – extensive non-compliance with directions – citizen of Australia and United States of America. This is a case about residency and many other complications (the…
T a x T e c h n i c a l – M o n t h l y N e w s – February 2023 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…
Matiushenko v Chief Commissioner of State Revenue – [2023] NSWCATAD 25 (01 February 2023) (J Gatland, Senior Member) TAXES AND DUTIES — Land tax — Surcharge land tax — Exemptions — whether a property is a principal place of residence. RESULT – The assessments to which the application relates are confirmed. Infinity Security Group Pty Ltd v Chief…
T a x T e c h n i c a l – M o n t h l y N e w s – April 2023 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…
On Tuesday 245.1.23, the Government released a consultation paper on options to amend the non-arm’s length expense (NALE) provisions for superannuation funds – which advisers in the Superannuation space, have been ‘baying’ for, for years – especially for large funds, where just a little expenditure breach, could ‘taint’ the whole of the fund’s income (even…
On 23.1.23, the press sensationally reported that the former PwC international tax partner (and Tax Institute 2016 ‘Corporate Tax Adviser of the Year) had been deregistered by the Tax Practitioners Board (TPB) and PwC had been sanctioned too (see related TT article). Further, the Assistant Treasurer weighed in, to put Tax Practioners ‘on notice’ regarding…
On 23.1.23, the AFR reported that the former head of international tax for PwC Australia: Peter Collins, had been deregistered by the Tax Practitioners Board for dishonesty and for sharing confidential government briefings with PwC partners and clients. Mr Collins, also known as Peter-John Collins, was named corporate tax adviser of the year by the…
On Monday, 23.1.23, the AFR reported the Assistant Treasurer; Stephen Jones as saying the government may rethink its approach to consulting with tax professionals but did not rule out continuing to use PwC despite the firm and its former head of international tax being sanctioned for breaching confidentiality rules. Mr Jones declined to say if…
On 15 December the Australian Prudential Regulation Authority (APRA) released its 2022 MySuper (default fund) Heatmap together with the following ‘Media Release‘. See, also, related TT article with details about ‘the good, the bad and the ugly’ (to borrow a phrase). The heatmap evaluates every MySuper superannuation product’s performance in the areas of investment returns, fees and…