occurred during October 2018.
Taxing Issues column of Taxation in Australia, the Institute's member journal.
21 September 2018 contains amendments that are intended to comprehensively
tackle the various tax settings that are combined with stapled structures to deliver low tax rates to foreign
their Fair Share of Tax in Australia and Other Measures) Bill 2018) contains
amendments that will (inter alia) amend (from 1 July 2018) the R&D tax
incentive to better target the incentive and encourage firms to increase the
proportion of their business devoted to genuine, additional R&D expenditure
and extend the definition of a “significant global entity”.
economy measures Bill
further amendments directed at
amendments that will allow primary producers to immediately deduct the cost of
fodder storage assets, such as silos and hay sheds, used to store grain and
other animal feed.
effect to a 2017-18 Budget announcement relating to capital gains from shares
or trust interests are now law but with a revised commencement date.
of goods connected with Australia
considers the circumstances in which a supply of goods will be connected with
the indirect tax zone and thus potentially liable to GST (GSTR 2018/2).
ruling and a final practical compliance guideline in relation to the operation
of the diverted profits tax for significant global entities (LCR 2018/6; PCG
open for consultation, the ATO has advised the topics on which it plans to seek
The Federal Court (Kenny J) has dismissed an appeal by a
taxpayer from a decision of the AAT in which the tribunal had upheld amended
assessments of the taxpayer, some of which, to be valid (because they would
otherwise have been time-barred), required that the Commissioner rely on item 5
of the table in s 170(1) ITAA36, which meant that he had to be of the opinion
that there had been fraud or evasion (Nguyen v
the decision of the Full Federal Court in the Ellison v Sandini Pty Ltd
which raised a number of CGT issues, including in relation to the operation of
CGT relationship roll-over relief.
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