Recent Riposte
13 Dec 2019 |
Riposte
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Corporate and Mergers & Acquisitions |
International |
Real Estate
Further Work on the Residence of Foreign-Incorporated Companies
In December, the Board released a second consultation Paper setting out possible options to reform Australia’s test of corporate residence. The Paper proposes steps toward a better test, but the road still looks very long.
29 Nov 2019 |
Riposte
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Energy & Resources |
Projects & Infrastructure |
Corporate and Mergers & Acquisitions
Are wages deductible?
It always comes as a surprise when some fundamental question of tax law, which seemed to be well settled, suddenly becomes controversial. In this case, the controversy stems from ATO’s Draft Tax Ruling TR 2019/D6.
26 Nov 2019 |
Riposte
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Financial Services |
Corporate and Mergers & Acquisitions |
Private Wealth |
Private Equity |
Energy & Resources
Close and remote resemblances in the anti-hybrids rules
A recent Draft Taxation Determination is the first ATO guidance on one of the key elements in the anti-hybrids rules; it has implications for how several parts of the rules will operate in practice.
15 Nov 2019 |
Riposte
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Corporate and Mergers & Acquisitions |
International |
Projects & Infrastructure
Update: Economic infrastructure staples tax concession
Despite the recent media hype in respect of this measure, the ‘Draft Guidance Note’ released by Treasury on 14 November 2019 essentially summarises the process of applying for the ‘approved economic infrastructure facility exception’ which was legislated in April 2019 as part of the staples integrity rules.
Draft-Guidance-Note-final.pdf (866 kb)
15 Nov 2019 |
Riposte
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Employment & Superannuation
New car parking FBT draft ruling – free periods and stepped rates
In a departure from existing common practice, ATO draft ruling TR 2019/D5 says that a permanent car parking station with an initial free period or stepped rates that discourages all day parking, but does not outright prohibit it, is still a commercial parking station if operated for profit. The ATO will apply this FBT change form 1 April 2020.
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