Abstracts » Business, general

A tax to give us all consumption

Article Abstract:

The introduction of Australia's goods and services tax (GST) will not be smooth and may take more than 10,000 amendments to make the legislation workable, as the government has hidden some aspects of the GST from taxpayers. The GST could create tax on tax and double taxation on leased company vehicles. Also, the legislation could give discretionary anti-avoidance powers to the Australian Tax Office. Businesses using the accrual accounting system may have liability for GST on their bad debts.

Australia, Public Finance Activities, Taxes NEC, Statistical Data Included, Practice, Powers and duties, Australia. Australian Taxation Office, Bad debts, Double taxation, Smolak, Al

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Trusts are still in the taxman's sights

Article Abstract:

Issues concerning the Australian government's business taxation policies are discussed. In particular the taxation status of discretionary trusts is examined.

Discretionary trusts

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Many winners from the not-so-horrible GST

Article Abstract:

Issues concerning the introduction and implementation of Goods and Services Tax in Australia and the impact on business is discussed.

Tax planning

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