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.

Finance, Packer, Kerry, Consolidated Press Inc.

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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.

Australia, Legal issues & crime, Government regulation (cont), Government regulation, Taxes, Legal/Government Regulation, Analysis, Laws, regulations and rules, Comparative analysis, Goods and services tax

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