Tax RamblingIn Belgium they have a tax called a “fairness tax”. It is a 5.5% tax on dividends paid by certain companies – on top of corporate taxes paid. Interestingly it is so “fair” that it is likely to be struck down in both the Belgium Supreme Court and the European Court of Justice. So when […]
I have never thought that the Uniting Church would be competing with the Australian Taxation Office but now they are… The Uniting Church has reportedly revealed it targeted international mining giant Glencore International with a private investigator to highlight the lack of transparency behind big multinationals. According to The Australian Financial Review, the church said in […]
Following the most stupid report ever written by the Tax Justice Network, the parliament has decided to review our corporate tax system. Having worked for some of these “evil” ASX listed companies, both internally and externally, I have never seen one of these companies bend the law without getting a ruling from the Commissioner first. […]
I have been fearing this day for some time. A day when the Commissioner applies the general anti avoidance provision in Part IVA to a taxpayer who arranges a sale of a business to make the most of the Small Business CGT Concessions. We all know how this is done. “Just before” the sale we […]
