{"id":2208,"date":"2011-05-05T16:09:35","date_gmt":"2011-05-05T06:09:35","guid":{"rendered":"http:\/\/sites.thomsonreuters.com.au\/journals\/?p=2208"},"modified":"2011-05-05T16:09:35","modified_gmt":"2011-05-05T06:09:35","slug":"australian-tax-review-update-may-2011","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/05\/05\/australian-tax-review-update-may-2011\/","title":{"rendered":"Australian Tax Review update: May 2011"},"content":{"rendered":"<p>The latest issue of the Australian Tax Review (Volume\u00c2\u00a040 Part 2) contains the following material:<\/p>\n<h3><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/2&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/2\/articles\/67\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/re\" target=\"_blank\" rel=\"noopener\">Editorial<\/a><\/h3>\n<ul>\n<li>Plenty of consultation \u00e2\u20ac\u201c Not much progress<\/li>\n<\/ul>\n<h3>Articles<\/h3>\n<p><strong><em><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/2&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/2\/articles\/69\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/re\" target=\"_blank\" rel=\"noopener\">Taxing trust income after Bamford\u00e2\u20ac\u2122s case<\/a><\/em><\/strong><strong> <\/strong><em>\u00e2\u20ac\u201c <\/em>AH Slater QC<em><\/em><\/p>\n<p>This article examines the difficulties in taxing trust income in light of the recent High Court decision in FCT v Bamford. The legislative history of trust taxation in Australia is explored, together with the development of relevant case law. Finally some tentative suggestions are made for possible future reform.<\/p>\n<p>To purchase this article, complete the <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\" rel=\"noopener\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/2&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/2\/articles\/94\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/re\" target=\"_blank\" rel=\"noopener\"><strong><em>Text, context and the interpretation of a \u00e2\u20ac\u0153practical business tax\u00e2\u20ac\u009d<\/em><\/strong><strong> <\/strong><\/a><em>\u00e2\u20ac\u201c <\/em>Michael Wigney SC<em><\/em><\/p>\n<p>This article considers the role of context in the construction of statutes. In particular, it explores the concept of Australia\u00e2\u20ac\u2122s goods and services tax (GST) being a \u00e2\u20ac\u0153practical business tax\u00e2\u20ac\u009d and discusses what role, if any, this notion might have in arriving at a proper construction of the GST Act.<\/p>\n<p>To purchase this article, complete the <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\" rel=\"noopener\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p><strong><em><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/2&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/2\/articles\/108\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/r\" target=\"_blank\" rel=\"noopener\">The CGT small business concessions: Issues, anomalies and opportunities<\/a> <\/em><\/strong><em>\u00e2\u20ac\u201c <\/em>Richard Friend<em><\/em><\/p>\n<p>This article discusses several issues relating to the amendments to the capital gains tax small business concessions; in particular, the specific threshold tests for eligibility and the associated definitions of \u00e2\u20ac\u0153connected with\u00e2\u20ac\u009d and \u00e2\u20ac\u0153affiliate\u00e2\u20ac\u009d. It also outlines a number of perceived anomalies and opportunities which emerge from the provisions, and concludes with some comments in relation to the fourth of the concessions \u00e2\u20ac\u201c the small business rollover.<\/p>\n<p>To purchase this article, complete the <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/subscribe-or-purchase\/individual-article-sale\/\" target=\"_blank\" rel=\"noopener\">Individual Article Sale<\/a>\u00c2\u00a0order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/2&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/2\/articles\/138\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/r\" target=\"_blank\" rel=\"noopener\">BOOK REVIEW<\/a> \u00e2\u20ac\u201c <em>Philip Burgess<\/em><\/p>\n<ul>\n<li><em>Australia\u00e2\u20ac\u2122s Future Tax System: The Prospects After Henry <\/em>by Chris Evans, Richard Krever and Peter Mellor<\/li>\n<\/ul>\n<p>For the pdf version of the table of contents, click here: <a rel=\"attachment wp-att-2209\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/05\/05\/australian-tax-review-update-may-2011\/at-rev-vol-40-no-2-contents-may-11\/\">AT Rev Vol 40 No 2 Contents<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u00e2\u20ac\u2122s Future Tax System: The Prospects After Henry by Chris Evans, Richard Krever and Peter Mellor.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[230,39],"tags":[535,229,536,537,538,539,540,541,542,543],"class_list":["post-2208","post","type-post","status-publish","format-standard","hentry","category-australian-tax-review","category-update-summaries","tag-ah-slater-qc","tag-at-rev","tag-capital-gains-tax","tag-consultation","tag-fct-v-bamford","tag-michael-wigney-sc","tag-practical-business-tax","tag-richard-friend","tag-small-business","tag-trust-income"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/comments?post=2208"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2208\/revisions"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=2208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=2208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=2208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}