Source: Taxation In Australia Journal Article
Published Date: 1 Aug 2020
It is universally agreed that tax reform in Australia is necessary but obtaining agreement from all stakeholders on the design of an improved system, and implementing those improvements, seems an impossible task. Previous tax reform made some inroads, but our tax system has been creaking under its own weight for far too long. The COVID-19 pandemic may provide the impetus for reform. The Henry review remains a blueprint for the reform of Australia's tax system and many of the recommendations contained in the report are worthy of consideration, even 10 years on. Against this backdrop, this article considers issues with the taxation of fringe benefits, the corporate tax rate, the top marginal tax rate and the CGT discount, the taxation of trusts, small business tax concessions, Div 7A, individual tax residency, the personal services income rules, the superannuation guarantee regime, and the state of consultation on legislative amendments.
Understand the latest changes to your TASA obligations - Video 30 Nov 2023
Understand the latest changes to your TASA obligations - Presentation 30 Nov 2023
In our sights at the start of a new financial year - Journal 01 Jul 2023
Part 5: Understanding aggregated turnover - Presentation 20 Apr 2023
Part 5: Understanding aggregated turnover - Video 20 Apr 2023
Part 4: Navigating the capital allowance rules - Presentation 07 Mar 2023
Part 4: Navigating the capital allowance rules - Video 07 Mar 2023
Tax Fundamentals Insights Series: Part 3: Trust fundamentals - Video 30 Nov 2022
Tax Fundamentals Insights Series: Part 2: Unpacking the main residence exemption - Presentation 05 Oct 2022
Tax Fundamentals Insights Series: Part 2: Unpacking the main residence exemption - Video 05 Oct 2022
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.