6 June 2012
Do taxpayers have to order their affairs so that they pay as much tax as possible?
Until 1 March this year, the answer was no. However, since an announcement that the government intends to amend the general anti-avoidance rule made by Senator Arbib on his way out of the Assistant Treasurer’s office, the answer now is unclear.
6 March 2012
This submission responds to the issues raised in the Treasury Discussion Paper, Modernising the Taxation of Trust Income – Options for Reform (November 2011)
20 January 2012
In a split decision released on 8 December 2011, the Full Federal Court has held by a 2-1 majority that s.177EA of the Income Tax Assessment Act 1936 (Cth) (the Act)prevented the taxpayer from being entitled to imputation benefits on a distribution received on PERLS V securities (Securities) issued by CBA in 2009.