The taxation of gambling winnings in Australia and the United States: a comparative study

Article Abstract:

Winnings derived from gambling are not taxed as income in Australia if the winner does not make a living gambling. The same winnings would be viewed as taxable income by the United States. Gamblers are allowed tax deductions for gambling losses up to the amount of their taxable winnings in America. Arguments for taxing gamblers include the expansion of income tax revenues and equal taxation of all cash inflows. Arguments against taxing winnings center around the fact that the gambling industry is a major source of tax revenue and taxing non-business gamblers would jeopardize this tax base by driving gamblers away.

Gambling

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Corporate dividend strategy in an integrated income tax environment

Article Abstract:

An integrated tax system where there exists no double taxation of corporations and shareholders does not necessarily provide substantial benefits over a double taxation system. Both systems require planning and implementation of tax strategies to receive the best tax treatment. Application of dividend strategies in either system is beneficial. Reference to a dividend strategy planning model using the Australian integrated system as its basis may be useful.

Laws, regulations and rules, Prevention, Tax planning, Corporate income taxes, Double taxation

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Comparative tax treatment of food and lodging provided by employers in Australia and the United States

Article Abstract:

Australian employers pay a fringe benefits tax on food and lodging given to employees but, in the US, such items are considered additional taxable compensation to employees. The US exempts food and lodging if provided for the convenience of the employer. Both countries previously had similar policies, but in 1986, Australia's policy shifted the burden to the employers through the fringe benefits tax.

Employee benefits, Employee housing, Industrial feeding, Employee food services

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