Senate Committee Holds Corporate Tax Avoidance Hearing
The Senate Economics References Committee is inquiring into tax avoidance and aggressive minimisation by corporations [...]
Overseas Income Not Exempt From Australian Income Tax
The Administrative Appeals Tribunal (AAT) has agreed with the ATO’s decision that income a tapayer [...]
No Deduction For Carried-forward Company Losses
The Administrative Appeals Tribunal (AAT) has ruled that a company was not entitled to deductions [...]
Super Reforms: $1.6 Million Transfer Balance Cap And Death Benefit Pensions
Where a taxpayer has amounts remaining in superannuation when they die, their death creates a [...]
ATO Targets Restaurants And Cafés, Hair And Beauty Businesses In Cash Economy Crackdown
The ATO will visit more than 400 businesses across Perth and Canberra in April as [...]
Tax Offset For Spouse Super Contributions: Changes From 1 July 2017
The ATO has reminded taxpayers that that the assessable income threshold for claiming a tax [...]
Ride-sharing Drivers Must Register For GST
In a recent decision, the Federal Court has held that the UberX service supplied by [...]
Taxpayer Denied Deduction For Work Expenses Of $60,000
The Administrative Appeals Tribunal (AAT) has confirmed that a mechanical engineer with a PhD qualification [...]
No Deduction Or Capital Loss For Apparent Guarantee Liability
The Administrative Appeals Tribunal (AAT) has affirmed that two family trusts that were involved in [...]
Time Extension To Review Objection Decisions Disallowed – Again!
The Administrative Appeals Tribunal (AAT) has refused to allow a taxpayer extra time to apply [...]