This article examines whether Part IVA of the Income Tax Assessment Act 1936 has been effective in preventing tax avoidance. It argues that the effective operation of the Part IVA anti- avoidance test turns on whether it can catch a scheme which has been entered into for the dominant purpose ...
The Effectiveness of Part IVA of the Income Tax Assessment Act 1936 (Cth): Time for a 'Not Merely Incidental' Purpose Test? This article examines whether Part IVA of the Income Tax Assessment Act 1936 has been effective in preventing tax avoidance. It argues that the effective operation of ...
(Draft Ruling TR 2004/D19)(Income Tax Assessment Act 1997)(Brief Article) The study examines the powers of the Commissioner of Taxation to enter and search premises, and gather information under ss. 263 and 264 of the Income Tax Assessment Act 1936 (Cth). A critical assessment is made of...
Income Tax Assessment Act 1936 (Cth)insolvencyliquidationdistributionsincome taxCGTGSTstamp dutyDirect taxation of persons who receive distributions of surplus assets in the liquidation of Australian companies occurs under either the deemed dividends or ca...
In particular the article reflects on the significant views expressed by Hill J in the context of present entitlement (proportionate versus the quantum view) and deemed present entitlement under s 95A(2) of the Income Tax Assessment Act 1936 (Cth). The general conclusion reached is that Hill ...