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"RT @AnneWardell: Is statutory liability insurance damaging? By Michael Tooma - http://t.co/ffB4eQmf17""RT @taxchat: Exposure draft on the Sustaining the Superannuation Contribution Concession measure — defining “end benefit”....""RT @taxchat: Did you know there are about 100 announced tax changes in the pipeline? #unenacted #taxmonitor""RT @taxchat: Living standards will fall if we don't tax rich more: Cousins http://t.co/eEvAgV6vwd #austax""Law Chat: Is statutory liability insurance damaging? By Michael Tooma http://t.co/aBjAE3mVTH"Follow TaxChat
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Category Archives: Investments
Out with carbon pricing, in with funds management
The recent announcement by the government that Australia that Carbon Pricing Mechanism (CPM) will be linked to the Europe’s ETS, comparable to ours could not have come cialis 20 mg at a better time for business. But there is an earful of criticism of the government move. Some argue that this is like pulling the carpet from under carbon pricing and there is not even a steady floor to stand on. But it’s not all doom and gloom – see … Continue reading
Freaking out on tax cuts
Crying over too many income tax cuts, rethinking company tax cuts and calling to reconsider super tax concession’ – a few of the signs of dithering in making up minds about tax cuts. And then comes the Business Tax Working Group unveiling a suite of options to support a 1 per cent company tax cut. This suggestion walks a tight rope between revenue neutrality in all tax changes and investment friendly business taxation . Undeniably, with little capital formation in Australia, investment … Continue reading
Trust investments- ATO says capital and not revenue
The concessions available in the case of capital gains tax, such as the discount, have been a significant factor encouraging taxpayers opting to treat gains as capital and not revenue. But now the Tax Office is getting tougher. First it happened in the case of private equity firms claiming CGT treatment for ‘carried interest’ (see TD 2010/21) and now the Office has issued TD 2011/21 dealing with investments made through trusts. The Tax office has not given up its fight. … Continue reading
Taxes never felt better- Warren Buffet has the dough to match
As highlighted in my blog on missing millionaires in the U.S, the books of the Government in the U.S have never been more dismal. Tax revenue has been consistently declining and the government has just managed to raise its debt ceiling. Warren Buffet’s piece in the New York Times takes aim at the U.S Congress for being lax in
MIT’s and PIE’s – taxing non-residents with foreign source income
In Australia there are MIT’s and in New Zealand PIE’s: managed investment trusts and portfolio investment entities. In New Zealand PIE’s have been in the news recently . MIT’s in Australia are subject to a reform process (See discussion paper released by the Board of Taxation). Taxation of foreign investors in these investment vehicles is a crucial aspect of reform, especially when conduit income is taxed in the country in which the investment vehicles are resident. With the view to … Continue reading
