FCT v Bamford
The latest Part of AT Rev includes the following articles: “The Hatter’s watch: Tax benefit in Part IVA” – Mark Brabazon SC; “The “economic benefits model” for trusts – fool’s gold?” – Alex Evans; and “The Commissioner’s power to issue creditor’s statutory demands: Implications for corporate rescue post insolvency” – Sylvia Villios. There is also an editorial and a review of the book “Sham Transactions” edited by Edwin Simpson and Miranda Stewart.
The May 2011 Issue of the Australian Tax Review includes interesting articles on the difficulties of taxing trust income after the High Court decision in FCT v Bamford, the role of context in the construction of statutes and the amended concessions to small business for capital gains tax. This issue also includes a book review of Australia’s Future Tax System: The Prospects After Henry by Chris Evans, Richard Krever and Peter Mellor.