314 results found

Australia's Division 296 introduces a new tax framework targeting superannuation balances exceeding AUD 3 million, imposing additional levies of 15% for large balance holders and 25% for very large balance holders. The legislation includes provisions for cost base resets and creates significant compliance challenges for self-managed superannuation funds.

In summary, Treasury states that the recharacterisation results in "taxation distortions" and that the federal government "is considering measures which remove the tax advantages of stapled arrangements".

The decision limits the ability of the Commissioner to use section 254 to achieve priority over secured creditors.

The IRS extended the registration date for US taxpayers, to be included on the initial IRS list of compliant FFIs.

NSW Supreme Court's decision in Uber Australia Pty Ltd v Chief Commissioner of State Revenue.

This time the loss to the Commissioner in the charity space relates to the definition of a Public Benevolent Institution.

In this episode of the Herbert Smith Freehills Kramer Tax Bites podcast, Isaac Morgan, Mark Peters and Toby Eggleston discuss the recent Australian High Court decision in G Global against the Commissioner of State Revenue.

Australian taxpayers face a challenging paradox where courtroom victories against the Australian Taxation Office often prove pyrrhic, as favorable judicial decisions are routinely neutralized through swift legislative amendments and persistent administrative enforcement. Recent landmark cases involving trust distributions and capital gains definitions illustrate how the government systematically overrides judicial outcomes to protect revenue interests. Understanding this pattern of legislative intervention

This will include a schedule outlining risk indicators for the application of the ALDT.

This episode discusses when businesses have to contribute superannuation for contractors who are deemed employees.

Since COVID, the ATO is recommencing collection efforts, with proceedings against companies with outstanding tax debts.

Television series and mini-series produced for streaming to the public on online platforms qualify for two tax offsets.

Introduction to a new podcast series, discussing all things topical in tax.

The recent judgment by the Australian High Court in the PepsiCo case has sparked significant interest in international tax circles. At the core of the debate: can a fee for the purchase of goods include...

Single Touch Payroll is a new system for employers to report employee tax and superannuation information to the ATO.

The ATO gets positively involved with small business restructuring plans to achieve the best result for all concerned.

The ATO has announced 'Project DO IT', which is offering a 'last chance' for taxpayers to disclose offshore income.