Tax Month – March 2024

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

– March 2024 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

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Legislation

Announcements & Drafts

• ‘Nuisance tariffs’ – abolishing them gives some insight into making our other taxes more efficient

Cases

Federal Court

• Mylan Australia Holding Pty Ltd v FCT (No 2) – Part IVA did not apply to intra-group funding arrangement – ‘tax benefit’ under counterfactual but not the ‘dominant purpose’

Other Developments

Miscellaneous

• The PwC story keeps giving – the battle between the ATO and the TPB over their investigation of leaked confidential Treasury information

• Safeguarding against cybercrime: what your professional organisation expects and the resources they offer

Tax Articles

• An Australian tax might help ‘decarbonise’ the world – really, how … ?

• Understanding how taxing capital gains, on shares or units, can be affected by the nature of the underlying assets and vice versa (CGT event K6, s115-45 and Div 149)

Tax Practitioners Board

• Assessing the impact of the TASA changes on the tax agents profession (in the wake of the PwC scandals and intervention by TPB, the Senate Committee and others)

ATW – Australian Tax Week (CCH); LTN – Latest Tax News (Thomson Reuters); TaxVine – The Tax Institute weekly email.