Category: Funny Stuff
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Project DO IT – Marketing at its best
The Commissioner’s marketing genius’ has put their heads together to come up with the best way to close down overseas tax havens – with a catchy slogan! In “Project Do IT”, or Project disclose offshore income today, the Commissioner is providing a “last chance opportunity” for those who have not declared their overseas assets and…
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Tax avoidance history…
In 1660 there was a tax on fireplaces in England. So everyone covered up their fireplaces and the tax was repealed in 1689. In 1696 there was a tax on the number of window a house had in England. So houses had less windows and the tax was repealed in 1851 (people argued less windows…
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Working on the other end of the phone…
I have worked in accounting firms, as the tax manager for a corporate or two, in the Treasury writing tax law, as a tax lobbyist and trainer for the Chartered Accountants and in parliament house advising the Treasurer on tax… So I only have one last thing to ad to my tax CV – I…
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Adam, Eve and Family Trust Elections
In ATOID 2014/3 the Commissioner states that the individual specified in the Family Trust Election must be alive at the time the trustee of the trust makes the election. He comes to this conclusion after finding the term “individual” is not defined and takes a very loose analysis of the various dictionary definitions. So why…
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The coffee is just awful!
Why are there no posts recently??? Disneyworld, Legoland and the Kennedy Space Centre… But the worst thing about being in Florida according to my wife is the coffee. And then she saw the answer – Starbucks. Due to tax, Starbucks should be good coffee. Why? Starbuck pays almost no tax in the US or Australia.…
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The ATO has to be joking…
The next time the ATO complains about your client’s attention to detail remind of The Study and Prevention of Psychological Diseases Foundation Incorporated. Back in 2007 a group of guys wanted to live the high life – sports cars, gambling,… But due to the tax rates they did not have enough money. So they duped…
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Excuses, excuses…
Need an excuse for being later with your tax return. I the UK you need a good one as they reject all the following… My pet goldfish died; I had a run-in with a cow After seeing a volcanic eruption on the news, I couldn’t concentrate on anything else My wife won’t give me my…
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You think tax rates are bad in Australia?
Following the highest court in France upholding a 75% tax rate for incomes over €1 million, I started to look at whether I should start consulting in French… Un bagette merci… First, the 75% tax rate is payable where a group of employers pays an employee over €1 million and is payable BY THE EMPLOYER!…
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Government operating at its best
After answering six months of letters to a Minister in the last government this is exactly what you come across every day…
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What a great use of the Court’s time…
After the AAT and the Federal Court had a go, in November the High Court, the best jurisprudential minds, with combined experience of over a century, had a really useful challenge. The Administrative Appeals Tribunal and the Federal Court both (with the exception of Dodds-Streeton J) found that Sea Shepherd did not provide ‘short-term direct…
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