21 Jan 11 The Tax Institute in the mediaOn 6 January 2011 the Taxation Institute was quoted in The Australian "Offshore sites may cost local retailers" and in Smart Company "Tax experts cite risks with local retailers' overseas website plan and GST campaign continues" in relation to the anti-avoidance rules in the tax laws. A live interview was also conducted on Radio 2UE (and syndicated stations nationally) on the Tracey Spicer program re the GST & online sales issue. Some of the key messages included
- As concluded by the Board of Taxation last year, the cost of administering a lower GST limit is likely to outweigh any benefit;
- It is not good policy to amend the tax laws to counter currency fluctuations;
- The $1,000 limit has been in place since 2005; and
- General discussion of ‘dominant purpose' test in anti-avoidance provision.
Dynamic Business: "Tax Summit needs to include GST or it will fail" quoted the Taxation Institute on Wednesday 12 January 2011, calling on the Government to include GST on the Tax Summit agenda.
The Australian Financial Review published the Taxation Institute's letter to the editor: "Tax professionals concerned by delays" on Thursday 13 January 2011, which sets out the facts re the Change Program and the Tax Commissioner's reported comments on its success. You can read the letter here.
The Taxation Institute was quoted in the Australian Financial Review "Planners quit while ahead" on Friday 14 January 2011. In the article we call for financial planners to be brought within the Tax Agent Services Regime as this is the only way to ensure consumer protection.
On Monday 17 January 2011 the Sydney Morning Herald and The Age quoted the Taxation Institute on the upcoming High Court challenge from Roy Morgan to the Constitutional validity of the Super Guarantee Charge (SGC): "Roy Morgan challenges super guarantee". In the article we said that the case is significant, because the SGC is the only government sanction that ensures that an employer pays super for an employee'.
On Tuesday 18 January The Australian published the Taxation Institute's opinion piece on tax reform "Simplicity, equity and fairness key to tax reform". You can read the article here.