{"id":2569,"date":"2011-07-29T17:47:36","date_gmt":"2011-07-29T07:47:36","guid":{"rendered":"http:\/\/sites.thomsonreuters.com.au\/journals\/?p=2569"},"modified":"2011-07-29T17:47:36","modified_gmt":"2011-07-29T07:47:36","slug":"australian-tax-review-update-august-2011","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/07\/29\/australian-tax-review-update-august-2011\/","title":{"rendered":"Australian Tax Review update: August 2011"},"content":{"rendered":"<p>The latest issue of the\u00c2\u00a0<em>Australian Tax\u00c2\u00a0Review <\/em>(Volume\u00c2\u00a040 Part 3) contains the following material:<\/p>\n<h3><a href=\"http:\/\/legalonline.thomson.com.au\/jour\/resultDetailed.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/3&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/3\/articles\/143\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/resultSummary.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/3___tocType=fullText___sortBy=publicationYear\/articleDate&amp;searchId=6&amp;hit=1&amp;hits=4&amp;articleType=fulltext&amp;freeText=&amp;titleCode=E\" target=\"_blank\" rel=\"noopener\">Editorial<\/a><\/h3>\n<ul>\n<li>Henry begins to take effect \u00e2\u20ac\u201c or does it?<\/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\/3&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/3\/articles\/145\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/resultSummary.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/3___tocType=fullText___sortBy=publicationYear\/articleDate&amp;searchId=5&amp;hit=2&amp;hits=4&amp;articleType=fulltext&amp;freeText=&amp;titleCode=AotaTTo\" target=\"_blank\" rel=\"noopener\">Aspects of tax avoidance: Trans-Tasman observations<\/a><\/em><\/strong><strong> <\/strong><em>\u00e2\u20ac\u201c <\/em>GT Pagone<em><\/em><\/p>\n<p>This article examines aspects of the anti avoidance provisions in Australia and New Zealand. It considers the benefits and disadvantages of Australia\u00e2\u20ac\u2122s detailed statutory scheme in Pt IVA as compared to the much more broadly worded New Zealand anti avoidance provision. Finally, it asks: has the enactment of the two provisions created certainty and predictability in the application of the anti avoidance provisions?<\/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> order 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\/3&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/3\/articles\/165\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/resultSummary.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/3___tocType=fullText___sortBy=publicationYear\/articleDate&amp;searchId=5&amp;hit=3&amp;hits=4&amp;articleType=fulltext&amp;freeText=&amp;titleCode=CCateotrrottob\" target=\"_blank\" rel=\"noopener\">CPT Custodian and the effect of trustee recoupment rights on the taxation of beneficiaries<\/a><\/em><\/strong><strong> <\/strong><em>\u00e2\u20ac\u201c <\/em>John Hyde Page<\/p>\n<p>This article discusses the role that the trustees\u00e2\u20ac\u2122 right of indemnity plays in tax analysis and how it relates to key concepts such as \u00e2\u20ac\u0153present entitlement\u00e2\u20ac\u009d, \u00e2\u20ac\u0153vested and indefeasible interest\u00e2\u20ac\u009d, and \u00e2\u20ac\u0153absolute entitlement\u00e2\u20ac\u009d. A matter of particular interest is whether the indemnity gives trustees an interest in trust assets which derogates from the prima facie rights of beneficiaries. The central contention here is that a trustee\u00e2\u20ac\u2122s right of indemnity has no necessary impact on the tax position of trust beneficiaries. A related contention is that the High Court decision in CPT Custodian clarified aspects of the law, but did little to change it.<\/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> order 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\/3&amp;contentSourceHref=journals\/ATREV\/volumes\/40\/parts\/3\/articles\/185\/fulltext&amp;tocType=fullText&amp;hitListPageContext=http:\/\/legalonline.thomson.com.au\/jour\/resultSummary.jsp?curRequestedHref=journals\/ATREV\/volumes\/40\/parts\/3___tocType=fullText___sortBy=publicationYear\/articleDate&amp;searchId=5&amp;hit=4&amp;hits=4&amp;articleType=fulltext&amp;freeText=&amp;titleCode=PtptpofaciPI\" target=\"_blank\" rel=\"noopener\">Predicting the past \u00e2\u20ac\u201c the problem of finding a counterfactual in Part IVA<\/a> <\/em><\/strong><em>\u00e2\u20ac\u201c <\/em>Graeme S Cooper<em><\/em><\/p>\n<p>Australia\u00e2\u20ac\u2122s general anti avoidance rule permits the revenue authority to strike down transactions which occurred, and the tax consequences they generated. This is the easy step. The harder task is the next step because the rule seems to require speculation about what might have happened instead, although there is currently some dispute about just how far this speculation needs to venture, and how accurately it needs to be done. Recent cases show this to be the new battleground of tax avoidance disputes \u00e2\u20ac\u201c the problems that inevitably arise from having to speculate about a past that did not happen, but might have.<\/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> order form and email it to <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n<p>For the pdf version of the table of contents, click here:\u00c2\u00a0<a rel=\"attachment wp-att-2570\" href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/2011\/07\/29\/australian-tax-review-update-august-2011\/at-rev-vol-40-no-3-contents-aug-11\/\">AT Rev Vol 40 Pt 3 Contents<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The August 2011 issue of the Australian Tax Review contains three articles on different aspects of taxation law. The first examines aspects of the anti avoidance provisions in Australia and New Zealand, the second discusses the role that the trustees\u00e2\u20ac\u2122 right of indemnity plays in tax analysis and the third looks at the problem of &#8220;predicting the past&#8221; in tax avoidance disputes. <\/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":[858,229,859,860,861,862,863,864],"class_list":["post-2569","post","type-post","status-publish","format-standard","hentry","category-australian-tax-review","category-update-summaries","tag-anti-avoidance","tag-at-rev","tag-cpt-custodian","tag-graeme-s-cooper","tag-gt-pagone","tag-john-hyde-page","tag-tax-avoidance","tag-trustee-recoupment-rights"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2569","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=2569"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/2569\/revisions"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=2569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=2569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=2569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}