111-120 of 146 results

Managed investment trusts exposure draft legislation: impacts on funds management industry
Insight 15 Apr 2015

Exposure draft legislation to implement the long-awaited changes to the tax regime for managed investment trusts has been released The amendments are lengthy and complicated and will require systems changes and careful review of trust deeds and constitutions Although the new regime will apply ...

Australia's new Multinational Anti-avoidance Law moves ahead of OECD consensus
Insight 14 May 2015

The Government has announced as part of the Budget that it will introduce a new multinational anti-avoidance law into Part IVA of the Income Tax Assessment Act 1936 The new law will apply to tax benefits obtained on or after 1 January 2016 It is aimed at 30 identified multinationals with Australian ...

Taxing diverted profits
Insight 28 Apr 2015

At the recent G20 meeting in Washington Treasurer Joe Hockey announced the establishment of a working group between Australia and the UK to develop initiatives to address so-called diverted profits involving multinational enterprises What are the implications for multinationals doing business in ...

Qld, NSW and Vic impose stamp duty surcharge on foreign purchasers of residential land
Insight 20 Jun 2016

Queensland will impose a stamp duty surcharge of 3 per cent on direct and indirect acquisitions of residential land in Queensland by foreign purchasers with effect from 1 October 2016 A similar stamp duty surcharge has been announced by the New South Wales Government with effect from 21 June 2016 ...

Exploring the duty implications of farm-in agreements in Queensland
Insight 09 Dec 2014

The Queensland Government has introduced into Parliament legislation to provide a stamp duty concession for eligible farm-in agreements relating to exploration authorities and transfers of interests in exploration authorities under such farm-in agreements Partner Katrina Parkyn and Associate Jay ...

Taxation of certain unit trusts - 'attribution' model to replace 'present entitlement'
Insight 03 Dec 2014

You may be forgiven for having lost track of the proposed reforms to the taxation of managed investment trusts or MITs given that this initiative has been announced by successive Federal governments since 2010 Finally though an exposure draft of new legislation is expected to be released before ...

Lessons from Singapore's new collective investment vehicle
Insight 13 Apr 2017

This Insight examines the lessons from Singapore's new collective investment vehicle ...

We want our money back! Excess GST refund rules to change
Insight 04 Apr 2014

After two years three rounds of public consultation and one aborted attempt Federal Parliament looks likely to pass legislation amending the rules governing when the Australian Taxation Office is required to refund excess GST to a taxpayer ...

Government abandons some not-for-profit sector tax reforms
Insight 03 Feb 2014

The Federal Government has announced that it will proceed with only one of the backlog of announced but unlegislated reforms to the taxation of charities and other not-for-profit entities proposed by previous governments Special Counsel Glenys Hodges and Lawyer Scott Lang report on the fate of the ...

Can listed companies continue to claim tax deductions for contributions to employee share trusts?
Insight 21 Mar 2014

A recent draft tax ruling may make it more difficult for employers to claim tax deductions for contributions made to employee remuneration trusts However the ruling is expected to have limited practical application to listed companies making non-refundable contributions to traditional employee share ...

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