Income Tax Assessment Act 1936 (Cth)
The latest Part of AT Rev includes the following articles: “Judicial construction of Part IVA: What to expect from the application of existing principles going forward” – Justice Richard Edmonds; “The 2013 Part IVA “reforms”” – A H Slater QC; “The new “improved” Part IVA – with extra tax benefit!” – Gordon Cooper and Tim Russell; “Taxation by analogy” – Graeme S Cooper; “The GAAR panels in Australia and the UK: Identical twins or distant cousins?” – Ann O’Connell; and “When is avoiding tax not abusive? Comparative approaches to a GAAR in Australia and the United Kingdom” – Malcolm Gammie CBE QC.
The latest Part of the Australian Tax Review includes the following articles: “Part IVA: An international perspective” – A H Slater; “Prior to being bankrupt, superannuation is a claimable asset – characterising and shaping the nature of a member’s interest” – Peter Bobbin; and “CGT event K7 provides loss recognition for personal consumption expenditure: History, anomalies and policy basis” – Dale Boccabella. There is also a review of the book “Incentivising Employees: The Theory, Policy and Practice of Employee Share Ownership Plans in Australia”.
The final Part of Volume 41 of the Australian Tax Review includes three interesting articles on different aspects of taxation law in Australia. The first article comes from Alex Evans and examines a Cabinet document that sheds light on the federal government’s intention in introducing s 95A(2) to the Income Tax Assessment Act 1936 (Cth). The second article, by Rodney Fisher, examines the circumstances under which a court may grant a stay, arguing that such power partially redresses the power imbalance in favour of the Commissioner, and serves the interests of the law by allowing a tax dispute to be resolved. The final article is by Robin Woellner and examines the decision in FCT v Clark and its implications. Not to be missed!
The latest issue of the Australian Tax Review includes three articles on various aspects of Australian tax law, including the imposition of Australian tax on capital gains derived by non-resident taxpayers, the worldwide changes that have taken place in relation to transfer pricing regulation and enforcement, and the legislative origin of present entitlement in Australia. As this Part is the last in the volume it also includes an editorial on the politics and practicalities of tax in 2011.