Monthly Archives: August 2014

Economists advising us on tax again…

Posted on August 26, 2014 by

Peter Martin, the economics editor at the Age writes… “The finance minister is two-thirds right. He says if the government can’t balance its books by cutting spending, “the only alternative to balance the books is to increase taxes. There’s only … Continue reading →

Posted in Funny Stuff, Tax Policy | 1 Comment

Divorce and Division 7A

Posted on August 4, 2014 by

In Taxation Ruling TR 2014/5 the Commissioner confirms one of the most overlooked tax issues in marriage breakdowns. For example, if money or property is paid or transferred to a shareholder, if these payments are paid out of the private … Continue reading →

Posted in Income Tax, Legislation, Rulings | 1 Comment