Monthly Archives: March 2016

Tax stats

The 2013/14 Taxation Statistics are out… My favourite part so far… So if you earn more than $80,000 you are in the top 19.5% of people who earn anything (excludes kids and other who don’t have to lodge tax returns … Continue reading

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The Commissioner gets a new discretion

The Commissioner has a series of discretions. For example the Commissioner can decide not to apply the non-commercial losses provisions (section 35-55) or not to apply excess contributions tax (section 292-465). But while he can exercise these discretions he almost … Continue reading

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Collecting points in the Tax Act…

I have to start by telling you I am not making this up. Today the Government released the Bill for the “innovation” changes announced last year. in the Bill, called the┬áTax Laws Amendment (Tax Incentives for Innovation) Bill 2016, and … Continue reading

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What changes are coming in tax and super?

Now that the Prime Minister has stated that the Budget “will be, for all practical purposes, the White Paper” in a radio interview, we can put the idea of a radical rethink of the tax system in the too hard … Continue reading

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Fairfax just can’t get tax…

Here they go again… Labor drew up a comprehensive suite of tax measures, including increasing taxes on cigarettes, multinational firms, superannuation and investment housing. So according to a “senior economics writer for Fairfax Media”, a “comprehensive suite” of tax measures … Continue reading

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Negative Gearing, the 50% discount and the ALP

Just a quick note on the ALP’s policy on removing negative gearing… The Opposition has announced they will limit negative gearing to new housing from 1 July 2017. From the announcement it appears the losses from negative geared properties that … Continue reading

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Are ATOIDs over?

On the 28th of November the Commissioner released two ATO Interpretative Decisions on non arms length income and limited recourse borrowing arrangements… And since that date, no more ATOIDs. Strange. ATOIDs arose to fill in a gap between public rulings … Continue reading

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