Taxing times

Article Abstract:

Issues are presented concerning a number of taxation matters including the Packer family's taxation dispute, dividend stripping by Consolidated Press and the disallowance of interest deductions by the Australian Taxation Office.

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Taxing times

Article Abstract:

Australian tax law relating to the deductibility of bonuses and to the designation of employees as independent contractors is discussed. The general rule is that a deduction is permitted only for loss or outgoing which is 'incurred.' An individual may wish to alter status from employee to independent contractor for superannuation reasons.

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Reasonably arguable test and controlling shareholder superannuation

Article Abstract:

The controlling superannuation scheme is at the very low end of tax minimisation arrangements. The main advantage of a GST as compared to indirect taxes is that this form of the tax assists the Taxation Office in its enforcement of the tax law.

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