Attack on alienation

Article Abstract:

At the beginning of July 2000, new legislation was introduced in Australia targeting income alienation. The legislation aims to prevent contractors who receive income for personal services from reducing their taxation by using company or trust structures to alienate the income.

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A return to reason

Article Abstract:

A comprehensive outline of the ATO's compliance plan for the financial year 2003-2004 released by the Tax Commissioner, Michael Carmody is discussed. The year end tax tips for individuals, taking into account the interest of the ATO in 2003 and beyond are listed.

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Forward planning

Article Abstract:

Tax tips are offered for financial planners. It is reported that clients should be aware of the way in which their investment earnings will be taxed and about the legitimate tax deductions.

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