Roll up for the super tax dodge

Article Abstract:

Controller superannuation tax strategies take advantage of a legal loophole that has not been amended, and many taxpayers will reap the benefits. For the 1998-1999 tax year, taxpayers will receive $1.5 billion in tax deductions. When Section 274 of the Income Tax Assessment Act was amended by Parliament, it unwittingly waived the 15% deductible contributions tax and surcharge. The anti-avoidance provision is designed to apply if the purpose for entering a transaction is to avoid tax.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Pension funds, Tax deductions

---

Exciting opportunities

Article Abstract:

Details of the new superannuation rules that allow tax benefits to Australians are presented.

Legal issues & crime, Government regulation (cont), Government regulation, Taxes, Legal/Government Regulation, Interpretation and construction, Tax benefit rule

---

Similar abstracts:

• Abstracts: Goldilocks - or the bear trap? Trends & projections. The new world
• Abstracts: Catching the punter's eye. Funding with finesse. High returns and risky expectations
• Abstracts: A sting for RupertEs fans. News without Rupert. News Corp deepens the value-stock wipeout
• Abstracts: At your service, whenever and whatever. Pregnant and powerful. Not having a ball
• Abstracts: CEOs give tax deal wary welcome. The right stuff. Coalition yes, Reith no

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.