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Thinking| 23 Sep 2019
This week in Talking Tax we discuss the Federal Court’s decision in a recent case concerning transfer pricing rules for the sale and purchase of copper concentrate between Swiss parent Glencore International AG and its Australian subsidiary...
Thinking| 09 Aug 2019
This week in Talking Tax we touch on section 99B and Division 7A of the 1936 Act, as well as the R&D tax concessions, as we cover the recent decisions in Campbell v Commissioner of Taxation, Howard v Commissioner of Taxation and Moreton Resources Limited v Innovation and Science Australia.
Thinking| 22 May 2019
Decision in Paule & Ors v FCT appealed The taxpayers in Paule & Ors v FCT  FCA 394 have appealed to the Full Federal Court. In this case, Justice Thawley in the Federal Court held that a capital gain made on the disposal of shares acquired through a sequence of roll-overs was not a […]
Thinking| 18 Mar 2019
Australian Small Business and Family Enterprise Ombudsman to look into ATO pursuing early recovery of tax debts Minister for Small and Family Business Michaelia Cash, has asked the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) to look into the extent and impact of early recovery of tax debts on small businesses who are in […]
Thinking| 08 Feb 2019
Banking royal commission: unclear tax treatment for payouts The Tax Institute has warned of uncertain tax implications for refunds and compensation payouts resulting from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. For tax purposes, a compensation payment generally takes the character of the payment that it substitutes. Accordingly, a compensation payment that substitutes […]