2013 Tasmanian State Taxation Convention - 17 October 2013

The Tax Institute will hold the Tasmanian State Conference in Launceston on 17-18 October 2013.

Papers of particular interest are:

  • Ali Noroozi (IGOT), Observations on Tax Administration in Australia by the Inspector General of Taxation;
  • Michael Hine (KPMG), Div. 7A One Step Forward – How Many Backwards?;
  • Michael Parker (H&W), A Review of Major Tax Development 2013;
  • Rob Warnock (M+K), Small Business CGT Concessions – Keeping Out of Harm’s Way;
  • Elen Seymour (Uni WA), Tax and Social Networking; and
  • Allan Swan (Swann & Yii), Tax Issues in Business Succession Planning and Second Generation Control Issues Workshop.

The Convention Dinner is at Josef Chromy Wines with the Winemaker Jeremy Dineen speaking.

A great program by the Organising Committee of Craig Leighton, Ken Davey, Matthew Pawson and Tania Triffitt.

 

The Tax Institute – Breakfast Club – 29 August 2013

I recently presented on Tax Advocacy: Writing to Win, which discussed my tips, traps and examples for preparing more effective written advocacy.  

The paper provided simple examples of objections and penalty and GIC remission requests.  

More effective written advocacy should improve the persuasiveness of the client’s case and the prospects of achieving the desired result

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13th Annual States’ Taxation Conference

The Tax Institute will hold the States’ Taxation Conference in Adelaide on 25-26 July 2013.

Anticipated highlights of the convention in program order include: 

  • the Commissioner’s audit and investigation powers;
  • managing the duty implications of takeovers;
  • exemptions and concessions in Landholder duty
  • payroll tax employment agency provisions; and
  • the aggregation of dutiable transaction.

All the revenue authorities are very well represented.

 

Differential Streaming of Trust Income

Legislative amendments effective 1 July 2010 permit differential streaming of capital gains and franked dividends by a trust.  However, the effectiveness of streaming other classes of income remains unsettled as a result of FCT v Bamford and FCT v Greenhatch  and Treasury failing to publish a view.

The better view is that a trustee can differentially stream all classes of income (other than income under the foreign tax credit provisions).  The entitlement to differentially stream under the foreign tax credit provisions remains unclear and legislative amendments similar to those effected for franked distributions should be made.

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