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Thinking| 11 Oct 2019
This week in Talking Tax we take a look at draft legislation aimed at tightening the taxation of income received by minors from testamentary trusts and a draft ruling on the commercial debt forgiveness rules exception for love and affection. We also summarise the Federal Court’s decision on the disclosure of a taxpayer’s ‘protected information’ in connection with a highly publicised defamation case brought against the Commissioner of Taxation, for statements the Commissioner (personally) made about the taxpayer in a public forum.
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| 15 Aug 2019
In Telgrove Pty Ltd t/as P & E Francis Plant Hire v Commissioner of State Revenue  QCAT 199, Telgrove Pty Ltd (Telgrove), as the designated group employer, had made an ‘exclusion order’ to request that Telgrove and 3 other entities be excluded from a list of six entities that were determined to be a payroll tax group by the Queensland Commissioner of State Revenue (Commissioner).
Thinking| 06 Jun 2019
New legislation that is expected to take effect on 12 June could impose transfer duty on ‘economic entitlements’, such as income derived from property transactions...
Thinking| 28 May 2019
Tim Pallas MP, Treasurer for Victoria, delivered the FY20 state budget (Budget) in Parliament yesterday afternoon and the State Taxation Acts Amendment Bill 2019 (Bill) was introduced to Parliament to implement proposed tax changes. The Budget is premised on a strong labour market, but a weaker residential property market leading to declining revenues from land […]