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  Australian Tax Review   (Australia)
  Volume 40, Number 2, May 2011
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  • EDITORIAL
  • Plenty of consultation – but not much progress
        p.67                                                                                        +cite    

  • ARTICLES
  • Taxing trust income after Bamford’s case
        AH Slater, QC
        p.69                                                                                        +cite        
        This article examines the difficulties in taxing trust income in light of the recent High Court decision in FCT v Bamford. The legislative history of trust taxation in Australia is explored, together with the development of relevant case law. Finally some tentative suggestions are made for possible future reform.
  • Text, context and the interpretation of a “practical business tax”
        Michael Wigney, SC
        p.94                                                                                        +cite        
        This article considers the role of context in the construction of statutes. In particular, it explores the concept of Australia’s goods and services tax (GST) being a “practical business tax” and discusses what role, if any, this notion might have in arriving at a proper construction of the GST Act.
  • The CGT small business concessions: Issues, anomalies and opportunities
        Richard Friend
        p.108                                                                                      +cite        
        This article discusses several issues relating to the amendments to the capital gains tax small business concessions; in particular, the specific threshold tests for eligibility and the associated definitions of “connected with” and “affiliate”. It also outlines a number of perceived anomalies and opportunities which emerge from the provisions, and concludes with some comments in relation to the fourth of the concessions – the small business rollover.

  • BOOK REVIEW – Philip Burgess
  • Australia’s Future Tax System: The Prospects After Henry by Chris Evans, Richard Krever and Peter Mellor
        p.138                                                                                      +cite