Category Archives: Tax Articles

‘Fraud and Evasion’ – a study of the requirements for, and appeal implications of, the Commissioner of Taxation purporting to exercise his power to amend an assessment at any time

At The Tax Institute’s March 2109 National Convention, in Hobart, Mr. David W Marks QC, CTA, Barrister-at-Law, of the Queensland Bar, presented his paper, entitled: Fraud and Evasion.   EXTRACT 1 Fraud and Evasion The policy of the law is that taxpayers with simple tax affairs should be able to treat their tax affairs as…

‘A Taxing Journey Home’ – a study of the tax issues non-residents face coming or returning to Australia

At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Gil Levy, CTA-Life, of Gilsons Chartered Accountants, presented his paper, entitled: A Taxing Journey Home.   EXTRACT 1 Introduction Increasingly I am being approached by non-resident Australian expats and other non–residents for advice in connection with the taxation implications of their proposed relocation or immigration…

Where Are We With GST and Where Could We Be Going? (March 2019)

At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Geoff Mann presented a paper he co-wrote with Adam Ong, both of Ashurst, Lawyers. The paper was entitled: Where Are We With GST and Where Could We Be Going?   EXTRACT 1 Overview This year marks the 20th anniversary of the passing of the…

Application of the MLI or ‘Multi-Lateral Instrument’ (March 2019)

At The Tax Institute’s March 2019 National Convention, in Hobart, Professor Graeme S Cooper at the Sydney University Law School, presented his paper, entitled: Application of the MLI (or Multi-Lateral Instrument).   EXTRACT 1 Background This paper is about the development and operation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent…

Div 7A and UPEs – the road ahead (March 2009)

At The Tax Institute’s March 2019 National Convention, in Hobart, Mr Chris Wookey, CTA and Chartered Accountant, presented his paper, entitled: Div 7A and UPEs – the road ahead.   EXTRACT 1 The road so far… Presently, there are two streams of amendments to Div 7A being developed: ▪ The ‘targeted amendments’ sourced from the…

Testamentary Trust and Taxes (March 2019)

At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Dung Lam, CTA of Argyle Lawyers Pty Ltd, presented his paper, entitled: Testamentary Trust and Taxes.   EXTRACT 1 Introduction The title of this paper is ‘Testamentary Trusts and Taxes’ and one may presume that the speaker is motivated to spruik testamentary trusts because of…

Black Economy Measures – They Don’t Affect Your Clients Right…? (March 2019)

At The Tax Institute’s March 2019 National Convention, in Hobart, Mr. Paul Banister, CTA, of accounting firm: Grant Thornton, presented his paper, entitled: Black Economy Measures – They Don’t Affect Your Clients Right…?   EXTRACT 1 Overview Since responding to the Black Economy Taskforce’s (BET) Final Report in May 2018, the Government has been extremely…

Super Reporting – What is in and What is out (March 2019)?

At the March 2019 Tax Institute’s National Convention, in Hobart, Ms Shirley Schaefer, of accounting firm: BDO Australia, presented her paper, entitled: Super Reporting – What is in and What is out?   EXTRACT 1 Transfer Balance Account Reporting The introduction of the Transfer Balance Cap regime from July 2017 has brought new reporting obligations…

What’s Hot in State Taxes (March 2019)

In March 2019, at the The Tax Institute’s National Convention, in Hobart Ms Leah Ranie presented a paper, which she co-authored with Stuart Courtney, Ari Rosenbaum and Greg Protector, all of King & Wood Mallesons, Lawyers. The paper was entitled: What’s Hot in State Taxes.   EXTRACT 1 Introduction The 2018 – 2019 year to date…

Taking the CGT path less travelled – SME Stream

At The Tax Institute’s March 2019 National Convention, in Hobart, Ms Linda Tapiolas; Partner, Cooper Grace Ward Lawyers presented her paper, entitled: Taking the CGT path less travelled.   EXTRACT 1 Introduction There are a number of CGT events which are sometimes overlooked or restructures which are undertaken which may have a significant impact when determining…