Tax haven residents hold $5.7 billion of cash in Australia – Marshal Islands residents $5m average – next biggest $1m in BVI

On 3 August 2020, the Australian Financial Review posted an article written by its National Affairs Correspondent: Angus Grigg entitled: Tax haven residents hold $5.7 billion of cash in Australia. This information is a result of the ATO publishing non-secret aggregate data from recent information sharing reforms, between Revenue Authorities, which came out of the ‘base…

Tax Month – August 2020

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – August 2020 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…