On 30 October 2019, the Australian Financial Review published an article by Janna Mather and Liz Main, titled: Chinese developer’s assets frozen over $100m tax bill. See below for article. FJM 9.11.19 [Tax Month – October 2019]
On 23 October 2019, the Australian Financial Review published an article by Tim McIlroy, entitled: ATO boss Chris Jordan attacks whistleblowers. See below for the article. FJM 9.11.19 [Tax Month – October 2019]
On 30 October 2019, the Australian Financial Review published an article by Tom McIlroy, titled: ‘Discrimination based on nationality’: backpacker tax ruled invalid. This is about the effect of non-discrimination clauses in various key Double Tax Agreements (DTAs). See related Tax Technical article. See below for the article. FJM 5.12.19 [Tax Month – October 2019] …
On Tuesday 15 October 2019, the Australian Financial Review published an opinion piece, by contributor: Grant Wardell-Johnson, entitled: Global tech needs a global tax. There is a path now. This comments on the consultation document issued by secretariat of the OECD’s Task Force on the Digital Economy, for a Unified Approach in modifying the current international…
On Friday 11 October 2019, the Australian Financial Review published an article by Tom McIlroy, Global tax rewrite is good news for Australia. This is a really significant development. See below for this article. FJM 3.11.19 [Tax Month – October 2019]
On 7 October 2019, the Australian Financial Review published an article, by Tom McIlroy, entitled: ATO appeals $92m Glencore transfer price ruling. This is a reference to the Federal Court transfer pricing decision, in favour of the taxpayer, by Her Honour Justice Davies: Glencore Investment Pty Ltd v CofT [2019] FCA 1432 on 3 September 2019 (see…
On 23 October 2019, the Australian Financial Review published an article by Hannah Wootton and Luke Housego, entitled: Lest Greensill fights ATO over $60m in capital gains. See below, for the full article. FJM 2.11.19 [Tax Month – October 2019]
On 16 October 2019, the High Court unanimously allowed an appeal from a judgment of the Full Court of the Federal Court of Australia concerning the Commissioner of Taxation v Sharpcan Pty Ltd [2019] HCA 36. This concerns the deductibility, under the Income Tax Assessment Act 1997 (Cth) (“the 1997 Act“), of payments to acquire gaming machine entitlements (“GMEs”) under the Gambling…
T a x T e c h n i c a l – M o n t h l y N e w s – October 2019 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 ______________________________________________________________________________ You…
On 2.10.2019, the Commissioner issued PCG 2019/7 regarding transitional compliance approach for large Australian Prudential Regulation Authority regulated superannuation funds that provide a ‘pension tax bonus’ to members where the superannuation funds are facing practical difficulties in complying with certain legislative requirements. See below for the PCG. FJM 6.10.19 [Tax Month – September 2019]