Taxing times

Article Abstract:

An insight into the slip rule and deductions to shareholders, the general deductibility and fringe benefit tax on the basis of court cases running in the Federal Court of Australia, by which the scheme and purpose of the taxpayer is known, is provided. It is suggested that schemes should be made more effective because unless an arrangement is commercially explicable it is unlikely to be successful as a matter of tax law.

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Taxing times

Article Abstract:

An explanation is provided on the tax law in Australia that refers to arm's length deals. The law contains various provisions that apply to taxpayers who do not deal with each other at arm's length, where "arm's length" means "associated."

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Slipping through the cracks and the Mareva injunctions

Article Abstract:

Australian tax law is discussed in the context of fringe benefits tax.

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