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Sladen Snippet - ATO update to the AXA Part IVA Decision Impact Statement and PS LA 2005/24

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Sladen Snippet - ATO update to the AXA Part IVA Decision Impact Statement and PS LA 2005/24

The ATO has recently updated its Decision Impact Statement on FCT v AXA Asia Pacific Holdings Ltd 2010 ATC 20-224 to include amendments made in September 2016. 

 

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Sladen Snippet - Proposed “aggregate scheme” amendments to the debt-equity tax rules

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Sladen Snippet - Proposed “aggregate scheme” amendments to the debt-equity tax rules

On 10 October 2016, the Federal Government released an Exposure Draft to implement changes to the debt and equity tax rules in Division 974 of Income Tax Assessment Act 1997. The Exposure Draft is intended to effect recommendations made by the Board of Taxation in its April 2015 report Review of the Debt and Equity Tax Rules.

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Control it or lose it: authorised use under trade mark licence agreements

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Control it or lose it: authorised use under trade mark licence agreements

In the latest instalment of a long running international battle between the Wild Geese and Wild Turkey alcohol brands, the Full Federal Court has found that trade mark owners can lose their registrations if they do not exercise proper control over their licensees.

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The ATO’s administrative treatment of acquisitions and disposals of interests in ‘no goodwill’ professional practices

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The ATO’s administrative treatment of acquisitions and disposals of interests in ‘no goodwill’ professional practices

The ATO has recently released guidelines on its administrative treatment for the application of certain tax issues when interests in ‘no goodwill’ professional partnerships, trusts and incorporated practices (practices) are acquired or disposed.