The good, the bad and the unintended consequences of 18 years of refunding excess dividend imputation credits. The debate about dividend imputation credits and how they are dealt with as part of our taxation system looks like it will be here to stay to at least the next Federal election.
taxation
Tax, trusts and the Federal Opposition
A statement by Townsends Law in response to the Opposition’s comments on discretionary trusts. To say businesses or families are using family trusts in order to evade tax is absolute nonsense. Overwhelmingly, they use trusts for two main reasons: Firstly, for legitimate asset protection. Without trusts we would see a lot less entrepreneurship and risk […]
What is a ‘fixed trust’ and why do I need to know?
Whether a trust is a fixed trust or not has significant taxation implications. In relation to tax losses, if the trust is not a fixed trust it will have more stringent tests to satisfy before the tax losses can be claimed as a deduction. In relation to superannuation taxation, if a super fund invests in […]
Three financial strategies to prepare for a world influenced by US President Donald Trump
What a year! Malcolm Turnbull won Government by a slim majority, The United Kingdom votes to exit the European Union (a.k.a. “Brexit”) and now Donald J Trump is President-Elect as the 44th President of the USA. What does the election of Donald J Trump as US President mean for Australian Investors? What Can President Donald […]