The Artful Aussie Tax Dodger

100 Years of Tax Reform in Australia

Lex Fullarton

• Publisher: Ibidem Press
• Year: 2017
• ISBN:
  9783838269948
• Topic: Business
• Subtopic: Taxation
• Index: Business

In The Artful Aussie Tax Dodger, Lex Fullarton studies the impact of 100 years of taxation legislation in Australia, from 1915 to 2016. He finds that despite the lessons of a century of taxpayers and administrators' actions and reactions, old habits are hard to break. Driven by the winds of various political and social interests, Australia embarked on a century of tax reform from the moment when its first Income Tax Assessment Act was introduced. Fullarton discusses the oldest of tax planning entities, the British Trust, the introduction of Australia's 'reformed' consumption tax, its VAT, referred to as Goods and Services Tax, an analysis of tax avoidance schemes, and finally government taxation reform. This book looks at how Australia's tax legislation was grounded, added to, avoided, and evolved, until it went 'Back to the Future'. It is a collection of studies compiled from experience and research conducted over twenty years of involvement in taxation law in rural and remote Australia.

Table of contents

• Cover
• Table of Contents
• Acknowledgments
• Abbreviations
• The Cover Cartoon
• Preface
• Chapter One—Overview
• Chapter Two—Introduction
• Chapter Three—The Purpose and History of Trusts
• Chapter Four—Equity and Fiduciary Relationships
• Chapter Five—Types of Trusts and Their Methods of Creation
• Chapter Six—Termination of Trusts
• Chapter Seven—Trust Records and Trust Accounting
• Chapter Eight—Taxation of Trust Distribution under Australian Income Taxation Law
• Chapter Nine—Future Legislation and Suggested Outcomes
• Chapter Ten—Introduction
• Chapter Eleven—The Australian GST System
• Chapter Twelve—The Reason the Howard Government Pursued the Policy Option of a GST for Australia
• Chapter Thirteen—The International Implications of the GST
• Chapter Fourteen—An International Comparative: The Cook Islands
• Chapter Fifteen—A Better Plan: Alternatives and Solutions to the Problems of the Australian GST System
• Chapter Sixteen—Introduction
• Chapter Seventeen—The Legislative Background to Tax Reducing Structures
• Chapter Eighteen—Tax Planning Structures and Tax Reducing Methods
• Chapter Nineteen—Tax Avoidance Schemes
• Chapter Twenty—Promotion of Tax Avoidance Schemes
• Chapter Twenty-One—Anti-Avoidance Provisions—Part IVA and Personal Services Income Provisions
• Chapter Twenty-Two—Offshore Trading and Tax Havens
• Chapter Twenty-Three—Suggested Australian Reforms
• Chapter Twenty-Four—Possible Motivations for Tax Reform
• Chapter Twenty-Five—A Concise History of Tax Reform in Australia
• Chapter Twenty-Six—Part IV Conclusion: Are There Alternatives?
• Chapter Twenty-Seven—The Bottom Line
• Appendix A
• Appendix B
• Appendix C
• Bibliography
• Notes
• Copyright