TaxTalk archive

TaxTalk electronic bulletin captures the key business impacts of all significant Australian tax developments. Archives date from 2006, and the current edition can be found on TaxTalk.

• Compliance Services
  
  

  2008
  June	Commissioner announces new way of working with large corporates

  2006
  December	Managing global tax compliance: emerging trends in a new era
  October	Managing Tax Risk: ATO Expectations
  September	ATO to reframe risk and relationship management with large business ATO litigation practice - what will be the effect of the Vos Report? Government responds to report on reducing regulatory burdens on business New tax legislation introduced Are you eligible for GIC or SIC remission?
  August	Repeal of inoperative law - the easy part

  
  
• Corporate Tax
  
  

  2008
  August	Climate Change: the tax impact of the Green Paper proposals on Australia's Carbon Pollution Reduction Scheme Carbon Pollution Reduction – opportunities for investors in clean technology Corporate tax developments Other tax news ATO position: no deduction for labour costs on constructing assets
  July	Corporate tax developments Other tax news
  June	Corporate tax developments Other tax news Managing an effective tax function
  May	Effective Tax Rate Benchmarking to sustain competitive tax rates Corporate tax developments Other tax news
  April	An appetite for tax reform Corporate tax developments Other tax news
  March	PwC's leading role in streamlining process for changing Australian tax laws Corporate tax developments Other tax news
  February	Corporate tax developments Other tax news

  2007
  October	The TOFA Stage 3 and 4 Bill: the next major Business Tax Reform project TOFA implementation - the PricewaterhouseCoopers methodology The broad industry impact of TOFA TOFA and financial institutions Accounting for TOFA
  August	Climate change: the potential taxation implications of a National Emissions Trading Scheme Corporate tax developments Other tax news Miscellaneous tax rulings and determinations
  July	Corporate tax developments Tax legislation introduced
  June	Tax legislation introduced Corporate tax developments Year-end tax planning for companies International tax
  May	Tax legislation introduced Corporate tax developments Year-end tax planning for companies International tax
  April	Corporate tax round-up
  March	TOFA update Non-forestry agribusiness managed investment schemes
  February	Corporate tax round-up - demergers and tax consolidation FX draft ruling and draft determination - when is an amount not in the "applicable functional currency"? Other developments

  2006
  December	Dividend tainting rules to be abolished Thin capitalisation - Treasury review of AIFRS Sale and lease back ruling finalised
  November	Tax consolidation developments Thin capitalisation - applying AGAAP not AIFRS in transitional period Other tax developments
  October	Tax consolidation round-up Trading stock ruling inconsistent with Government’s desire to cut red tape
  September	Tax consolidation update Demergers, buy-sell agreements discussed at NTLG meeting
  August	Transurban City Link win in High Court Corporate tax update
  July	Corporate tax round-up Call for submissions regarding film tax offset reviews Proposed taxation arrangements for plantation forestry Tax function effectiveness: "Striving towards best in class starting with tax strategy"
  June	Stop press: new share capital tainting ruls introduced Year-end tax planning for corporates:* Franking, dividends and recoupment of losses Year-end tax planning for corporates:* Debt deductions, depreciating assests, capital expenditure, FX Year-end tax planning for corporates: * Debt/equity and general year end Recent tax developments
  May	Great aim, no bullseye Corporate tax developments * Foreign exchange gains and losses Corporate Tax developments * Tax consolidations Draft rulings about rulings Tax legislation developments
  April	PAYG instalment dilemma - forex gains on trading stock payments "ordinary income" IFRS and property, plant and equipment - impact on tax returns PwC submission on TOFA Exposure Draft legislation Round-up of ATO determinations and a ruling
  March	Corporate tax round-up Mining Superannuation developments
  February	Legislative round up Corporate business tax round up PPRT - Integrated GTL operations Corporate business tax round up part II Tax consolidation update

  
  
• Customs and Excise
  
  

  2007
  May	Rules for taxation of financial arrangements go live on 1 July 2007 - a guide for Chief Financial Officers Corporate tax round-up Draft fuel tax ruling explains definitions

  2006
  November	Changes to Import Tariff Classifications
  September	Fuel tax determinations
  August	Fuel Tax Credits - Are you prepared?
  July	Fuel tax credits and Greenhouse Challenge - has your company registered? Federal Budget extends duty concessions to major water and power projects
  April	Fuel tax reform brings relief Customs refunds under the Enhanced Project By Laws Scheme 9
  March	EDMG article Customs article
  February	USFTA

  
  
• Employment Taxes
  
  

  2008
  April	State taxes
  March	State taxes
  February	State taxes

  2007
  August	State taxes
  May	Fringe benefits tax (FBT) determination - new facts and figures State and Territory Treasurers agree to "historic" payroll tax reform

  2006
  August	Reduction to PAYG withholding rates where ABN or TFN is not quoted Adjustment for change in FBT rate Certain individual and small business taxpayers excluded from two year amendment period FBT, superannuation and personal tax issues State taxes
  June	Cuts in FBT and personal taxes, and new DV rate introduced into Parliament
  May	Business tax and FBT changes getting rid of red tape
  March	Fringe benefits tax

  
  
• Federal Budget
  
  

  2008
  	Federal Budget

  
  
• Goods and Services Tax
  
  

  2008
  August	Goods and services tax (GST) developments
  July	Goods and services tax (GST) developments
  June	Commissioner wins in first High Court decision on GST Goods and services tax (GST) developments
  May	Goods and services tax (GST) developments
  April	GST and Stamp Duty issues in the Property Lifecycle GST making an impact with retirement village operators Goods and services tax (GST) developments
  March	Goods and services tax (GST) developments
  February	Goods and services tax (GST) developments

  2007
  October	Goods and services tax (GST) developments
  August	Goods and services tax (GST) developments
  July	Goods and services tax (GST) developments
  June	Goods and Services Tax (GST) developments
  May	Goods and services tax (GST)
  April	Goods and services tax (GST) round-up
  March	Goods and services tax (GST) developments
  February	Goods and services tax (GST) and related developments

  2006
  December	GST and customs duty tax round-up
  November	Breaking News: GST ruling on supplies Goods and services tax (GST) developments
  October	GST developments
  September	GST round-up
  August	GST and indirect tax developments
  July	GST and indirect tax round up
  June	Foreshadowed FBT and GST measures introduced
  May	Goods and services tax (GST) developments
  April	Does a non-resident consultant providing services at your premises have a permanent establishment? Goods and services tax (GST) developments
  March	GST and vouchers part II
  February	GST and indirect tax developments

  
  
• International Assignment Solutions
  
  

  2008
  August	Personal and expatriate taxation
  June	Personal and Expatriate taxation
  May	Personal and expatriate taxation
  March	Personal and expatriate taxes
  February	Personal and expatriate taxes

  2007
  July	Personal and expatriate tax issues
  April	Personal and expatriate tax issues
  March	International tax developments

  2006
  December	Board of Taxation reviews of off-market buybacks and anti tax-deferral regimes - further details
  November	International tax developments
  June	Year-end tax planning for individuals and personal structures: * Expatriate tax
  April	Watch out for withholding tax on payments to foreign residents for “works and related activities” International developments
  March	Australia puts out the welcome mat for internationally mobile skilled labour

  
  
• International Tax and Transaction Services
  
  

  2008
  August	International tax developments
  July	International tax developments
  June	International tax developments Tax impact of M&A boom in Asian economies
  May	International tax developments
  April	International tax developments
  March	International developments
  February	International developments

  2007
  October	International developments
  August	International developments
  July	Division 7A: An opportunity to rectify exposures and a need to review limited liability partnership structures A new regulatory regime for tax agents will force costs to rise unless the Government changes its mind
  June	International tax developments Year-end tax planning for companies
  May	International developments
  April	International tax developments McNeil’s case - the High Court’s decision may hold further surprises
  February	The Commissioner’s successful tax grab International tax developments

  2006
  December	Revision of certain InterTax Treaties Non-resident CGT legislation - go tell it to the pubs in Western Sydney
  November	Board of Taxation to review share buybacks and outbound investment rules
  October	International tax developments
  September	International developments
  August	Demergers, NZ imputation and marriage breakdown roll-overs International tax round-up
  July	International tax developments
  June	Year-end tax planning for corporates: * International tax
  May	The debt/equity rules 4 years on - clarity or confusion? International Tax News * Asia and the US International Tax News* NZ Changes
  April	At last - the draft same business test ruling - will your group pass or fail Internationally benchmarking the Australian tax system NSW orders tax revenue allocation review
  March	* Foreign exchange gains and losses * Recent FX draft tax determinations part III US
  February	Australia as an investment location

  
  
• Legislation Update
  
  

  2008
  August	Legislation update
  July	Legislation update
  June	Legislation update
  May	Legislation update

  
  
• Private Client Services
  
  

  2008
  August	Personal and expatriate taxation
  July	Personal and Expatriate taxation
  June	Personal and Expatriate taxation
  May	The ATO has identified 1,300 wealthy individuals and are adding 50 more to the list each month Personal and expatriate taxation

  2007
  October	Personal and expatriate tax issues
  August	Personal and expatriate tax issues
  July	Division 7A: An opportunity to rectify exposures and a need to review limited liability partnership structures A new regulatory regime for tax agents will force costs to rise unless the Government changes its mind
  June	Year-end tax planning for individuals and personal structures
  May	Simplified superannuation developments
  April	FBT and share trust - Federal Court tells the ATO to apply the law Tax trap - repayments to employees of loans they made to employer subject to fringe benefits tax State taxes
  March	Exposure Draft: Tax Laws Amendment (Small Business) Bill 2007 Simplified superannuation - an update Non-commercial business losses: Commissioner’s discretion
  February	Private company distributions - repeal of double tax rule proposed Personal tax and superannuation

  2006
  December	The new small business framework - too little too late? Investment in instalment warrants by superannuation funds
  November	Superannuation developments
  October	Simplified superannuation - the final decisions, opportunities and issues Other superannuation developments
  September	Superannuation developments Personal tax issues
  July	Superannuation and personal tax issues
  June	Year-end tax planning for individuals and personal structures: * Tax and super
  May	Superannuation brief
  April	Practice statement on construction expenditure and CGT cost base Practice statement on deemed dividend rules and statute barred loans
  March	* Statute barred Shock set-back for deductions …
  February	Superannuation guarantee charges

  
  
• Research and Development
  
  

  2008
  July	Innovation ... the next twelve months
  August	Australian R&D tax incentives – another reason for multinationals to undertake R&D in Australia

  2007
  August	Research & Development
  June	R&D article
  April	Register for R&D tax concession by 30 April if your company has a 30 June year-end

  2006
  October	Trading stock ruling inconsistent with Government’s desire to cut red tape
  July	Federal Budget 2006-07: R&D measures
  May	Is your company accessing the cash benefits to which it's entitled?)

  
  
• Stamp Duty
  
  

  2007
  July	State taxes
  June	State taxes
  March	State taxes "Tis better to have valued and lost than never to have valued at all" (Part VIII)
  February	State taxes round-up "Tis better to have valued and lost than never to have valued at all" (Part VII)

  2006
  December	State taxes
  November	State taxes "Tis better to have valued and lost than never to have valued at all" (Part V)
  October	State taxes
  September	State tax developments "Tis better to have valued and lost than never to have valued at all" (Part IV)
  August	"Tis better to have valued and lost than never to have valued at all" (Part III)
  July	A quintet of State and Territory Budgets "Tis better to have valued and lost than never to have valued at all" (Part II)
  June	Tis better to have valued and lost then never to have valued at all?" State taxes
  May	State taxes round up
  April	State taxes round up Land Rich Article
  March	Customs article
  February	New land tax rules in Victoria

  
  
• State Taxes
  
  

  2008
  August	State taxes
  July	State taxes
  June	State taxes
  May	State taxes

  
  
• Tax Controversy
  
  

  2008
  August	ATO increases its interest in cross border financing ATO draft Ruling on what is a ‘reasonably arguable position’
  July	Identifying a tax benefit under Part IVA ATO releases Practice Statement on promoter penalties: how will it affect your business?
  June	Fraud or Evasion: unlimited time period to amend assessments
  May	Federal Court to streamline tax litigation: prepare early or beware

  2007
  June	More information sharing expected between the ATO and ASIC
  April	New hope for fast track test case litigation? Promoter Penalty Laws and the Financial Services industry - the ATO gears up
  March	Legal professional privilege: proceedings involving administrative decision makers
  February	Commissioner’s Letter to CEOs - December 2006

  2006
  December	Legal Professional Privilege (Part 5)
  July	Reasonably arguable position
  June	Legal Professional Privilege (Part 4): the ATO and legal professional privilege
  April	Legal Professional Privilege (Part 3): High court bankruptcy barrister case - wider tax implications
  March	Part IVA follow up
  February	Government moves to reduce non-deductible business (“blackhole”) costs (Special edition) Deterring the promotion of tax exploitation schemes (Special edition)

  
  
• Tax Risk Management
  
  

  2006
  August	Tax Function Effectiveness: Dealing with the year end challenges

  
  
• Transfer Pricing
  
  

  2008
  July	ATO releases issues paper on intra group financial transactions
  May	Roche Products Pty Limited v The Commissioner of Taxation: a bitter pill to swallow, but for whom?

  2007
  April	International transfer pricing taxation ruling: effects of adjustments under Division 13
  March	Transfer pricing marks 25 years of regulation

  2006
  November	Value chain transformation - home and away Transfer pricing implications of Practice Statement on international issues
  March	International issues - TP
  February	International corporate tax update

  
  

TaxTalk Special Edition

• 2008
  
  

  August