Friday, 23 February 2007

Tax Press-Australian Financial Review

'Contribution conundrum for volunteers' (Does doing charity work allow people to contribute to super over 65?) AFR [p 29], Wed 21.2.2007

'Ratings not a reason to switch' (Complex super rules mean good advice is needed) AFR [p 32], Wed 21.2.2007

'ATO taxes the patience of big business' (Report that big companies are increasingly unhappy with the Tax Office and have registered a drop in their overall satisfaction levels) AFR [p 1], Tue 20.2.2007

'$600,000 storm in a coffee cup' (Report of a court dispute over a $600,000 NSW stamp duty bill on a multimillion dollar international branding deal re a coffee franchise) AFR [p 5], Tue 20.2.2007

'Getting a handle on small business' (Proposed tax changes seen as a help to small business, but clarification wanted on exactly what is a small business) AFR [p 17], Tue 20.2.2007

'Call for tax cuts to boost productivity' (The Australian Industry Group calls on Federal Government to cut tax burden for low-income families and to cut the company tax rate) AFR [p 9], Mon 19.2.2007

'High corporate tax checks productivity' (Opinion that tax reform in Australia is unfinished business) AFR [p 63], Mon 19.2.2007

'Vizard caught up in tax office fraud probe' (Report of a Victorian Supreme Court case involving allegations of tax fraud) AFR [p 3], 17-18 February 2007

'Planners test advice limits' (Report that the financial services industry is lobbying the Federal Government to allow financial planners to provide limited advice) AFR [p 5], 17-18 February 2007

'Make your salary work for you' (Strategies to boost superannuation savings before, and after, 1 July 2007) AFR [p 44], 17-18 February 2007

'How to keep them down on the farm' (Changes to the assets test treatment of land) AFR [p 45], 17-18 February 2007

'AMP super probe widens' (Report that AMP will offer more clients a full review of their superannuation investments) AFR [p 1], Fri 16.2.2007

'Tax break runs to listed trusts' (Employee share scheme tax concessions extended to certain stapled securities) AFR [p 30], Fri 16.2.2007

'Female lawyers head to court over tax' (Report that the Victorian Women Lawyers group is fighting the Tax Office in the Federal Court as to whether or not it is a charity) AFR [p 57], Fri 16.2.2007

'Work needed to bolster confidence' (Comment that the advisory industry needs to work on its compliance with the disclosure laws that govern the financial services sector) AFR [p 73], Fri 16.2.2007

'Call for rethink on hasty tax changes' (Concerns that a one-year reprieve from tax changes for non-forestry agribusiness MIS is not enough) AFR [p 6], Thur 15.2.2007

'Wickenby on the defensive' (Tax Commissioner appears before Senate committee and talks about Operation Wickenby) AFR [p 9], Thur 15.2.2007

The Australian

'Make your contributions to super tax deductible' (Strategy to reduce employment income and to make personal super contributions tax deductible) AUSTRALIAN [Wealth, p 4], Wed 21.2.2007

'Join the millionaire club' (Strategies to make undeducted contributions to super of up to $1m before 30 June 2007 eg home equity, sell investment property, CGT exemptions on the sale of business, contribute to parents' super) AUSTRALIAN [Wealth, p 5], Wed 21.2.2007

'Allocated pensions to last longer' (Report on changes to the way some allocated pensions operate may mean they will last much longer) AUSTRALIAN [Wealth, p 9], Wed 21.2.2007

'Put those tax cuts into super' (Edited excerpts of former prime minister, Paul Keating's address to a pension forum on current government policy on super and ageing population) AUSTRALIAN [p 32], Mon 19.2.2007

'ATO warns greens over politicking' (Report that environmental groups have been warned they could be stripped of their status as charities for engaging in political activity) AUSTRALIAN [p 5], 17-18 February 2007

'Taxman plans test case on schemes' (Report that the Tax Office will issue a draft ruling on its revised view of managed agribusiness schemes within a month, then identify a test case) AUSTRALIAN [p 33], 17-18 February 2007

'A MIStake in investment schemes' (Comment that there are likely to be fewer tax deductions for agribusiness schemes in the future) AUSTRALIAN [p 39], 17-18 February 2007

'Go SMSF' (According to a SMSF administrator, 3 times as many people than usual are transferring assets, especially into self-managed funds) AUSTRALIAN [p 39], 17-18 February 2007

'Former watchdog caught in tax net' (Report of Federal Court dispute regarding Tax Office revised assessments re tax losses involving horse-breeding joint venture) AUSTRALIAN [p 1], Fri 16.2.2007

'AMP super bungle blows out to 35,000' (Update on bank's internal review process after switching super advice issue) AUSTRALIAN [p 21], Fri 16.2.2007

'A world of horses, law and tax' Publish(Further report of litigation between a taxpayer and the Tax Office re claims of lease and interest expenses claimed as losses) AUSTRALIAN [p 24], Fri 16.2.2007

'Foreign flyers ponder stamp duty legal action' (Report of international airlines considering legal action against Vic Government to stop possibly illegal stamp duty payments) AUSTRALIAN [p 29], Fri 16.2.2007

'More charges to come in tax fraud probe' (Report that the Tax Commissioner has told a Senate committee that more individuals were likely to be charged under Project Wickenby) AUSTRALIAN [p 2], Thur 15.2.2007

'Tax bug threatens to bite farmers' (Claim that the Tax Office treats compensation payouts for water buyouts as assessable income) AUSTRALIAN [p 6], Thur 15.2.2007

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