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Provides information about the development of the tax policy of Tax Commissioner Michael Carmody in Australia. Emergence of tax evasion and avoidance arrangements; Identification of property owners cheating on capital gains tax by all sizes of business and individuals; Inclusion of claiming income tax deductions for capital improvements.

Discusses the role of the residential property boom in the increase of tax avoidance and criminal tax evasion in Australia. Efforts of families to claim main-residence exemptions from capital gains tax (CGT) for their city homes and beach houses; Developers' entry into schemes to bypass GST on new home units; Questionable transactions between members of the same family to avoid a combination of land tax and CGT; INSET: Houses of ill repute..

Focuses on the impact of changes in companies and capital gains taxes on stockholders in Australia. Reduction of capital gains taxes; Benefits derived from tax credits attached in franked dividends by superannuation funds; Effects of the reduction in rate of company taxes on the ability of the company to pay franked dividends. INSET: FRANKING WILL STILL BE IN DEMAND, by Philip Rennie..

Focuses on the position of government executive, John Ralph on the implementation of goods and services (GST) tax policies in Australia. Views on detractors' claims that he has favored any sectional interests in the GST implementation; Expectations of increased revenues generated by his proposed GST. INSET: Ralph on Ralph..

Reports on the plans of both major political parties in Australia to change the capital gains tax (CGT) regime and the sell-off of assets anticipated due to the changes. Tightening of investment rules for superannuation funds; CGT implications of both parties' platforms; CGT as the most feared tax impost; Australian Labor Party's proposal to tax pre-CGT assets and the impact on valuation; Strategies to deal with the changes.

Discusses the efforts of Australia to stimulate the flow of overseas venture capital into the country through extension of the rules on capital gains tax exemptions and the introduction of the venture-capital limited partnership. Changes that the rules will bring to the venture-capital and private equity industry; Advantages of the limited-partnership structure; Differences between the proposed limited-partnership structure in Australia and those overseas.

Discusses the financial risks facing business enterprises in Australia if they fail to adjust to the tax reform laws set to take effect in 2000, specifically the introductions of the goods and services tax (GST). Summary of the reforms; Impact on the tax accounting systems; Outline of the capital gains tax reform; Impact of the new system on corporate mergers; Effects on the economy.

Reports on the potential effects of reducing individual capital gains tax (CGT) on employee stock options in Australia. Reduction of employee share plans' tax advantages; Reduction of CGT in superannuation funds; Similarity of CGT with personal income tax rates.

Discusses the impact of the removal of a capital gains tax from small businesses on July 1, 1997 by the Australian government. What the tax applies to; The habits that small-business owners will need to change; The history of the legislation.

Focuses on the exemption of family home from capital gains tax in Australia. Vulnerability of homes to capital gains tax; Payment of capital gains tax; Increase in the value of homes after the introduction of capital gains tax.

The article features Singapore where 17% of resident households are millionaires. It describes how Singapore has made a big effort to attract the world's wealthiest businessmen through a unit within the government whose job is to look out for the super rich. It says that its generous tax policies, a very low personal income tax and no capital gains tax are what attract the rich. It also makes it relatively simple to get residency.

The article reports on the Australian initial public offerings (IPO) market. It says that 2011 was a tough year for this market where the only ones who profited were subscribers who sold their stocks on the first day of trading. It reveals that the profits gained by these short-term visionaries on first day IPO returns were 8% in 2010 and 7% in 2011. It says that these gains outweighed the 50% discount in capital gains tax rewards for investors who held on for more than 12 months.

The article reports on the implications of the popularity of prescribed private funds, which allows for tax-deductible donations by businesses, families and individuals, on health and medical research in Australia as of May 2008. Businesses and individuals are able to claim a tax deduction to offset the capital gains tax by donating their inheritance into a prescribed private fund. Details about the indications and implications of PPF are cited.

The article reflects on the author's view regarding the new bill, the capital gains tax (CGT) in Australia. According to the author, the bill fails to consider the long-term tax implications for the country, as well as the implications of creating an uneven playing field for overseas investors at the expense of Australian investors who still have to pay CGT. She added that the bill will further reduce the amount of tax that overseas private equity firms pay in the country. INSET: The new gold rush.

The article reports on the federal budget for 2006-2007 presented by the Department of Treasury secretary Peter Costello that provides benefits for small business in Australia. Under the new budget, the government would pledge to cut taxes on small business and it allows more people to be eligible for capital gains relief. The government also imposed strict guidelines in selecting new fund managers to handle its Innovation Investment Fund program.

The article reports that private companies are using the controversial strategy of buying homes for the use of their shareholders. The slowdown in the housing market is advancing the popularity of the strategy because the exemption from capital gains tax for privately owned houses is of little value when house prices are stagnant or decreasing. The three basic choices of a private company if its money is to be used to buy a home for the use of a shareholder are presented.

Focuses on the employee share ownership development unit of the Australia federal government. Aim to promote the claimed benefits of employee share schemes; Effect of employee participation in tax-deferred employee share plans on their capital gain tax.

Provides information on de-merger and regulations of capital gains tax in Australia. Tax imposed on subsidiary corporations; List of companies that are planning to de-merge; Statement issued by stockbroking firm Merrill Lynch on companies planning to de-merge.

Focuses on the threat of inflation to special capital gains tax concessions in Australia. List of business strategies; Warning for small-business owners intending to sell enterprises; Payment of income tax on dividends.

Reports that effective July 1, 2000, trusts in Australia will be taxed as companies. Transitional arrangements for investors; Non-payment of taxes by trusts under present rules; Non-eligibility of capital gains realized on investments for new discounted rate of capital gains; Grandfathering provisions for investors who want to sell assets held in a trust.

The article reports that Australian Prime Minister Malcolm Turnbull government is considering to abolish capital gains tax on start-ups to encourage entrepreneurs without risking government investment. Major disincentive for start-ups and new small businesses is the capital gains tax system tha does not encourage the average person to form a business.

The article reports on the early stage venture capital limited partnership status received by high technology accelerator Slingshot Venture Fund as of June 2015 from Australia's Department of Industry. Topics include the exemption from standard income and capital gains taxes for investors provided by the status, and the number of funds that have received the status since 2007 including three managed by Artesian Venture Partners.

Reports on the effects of proposed changes in the capital gains tax (CGT) rates on Australia's tax take. Government's objective in halving the CGT; Business groups' views on and legislative inquiry into the proposal; Role of the CGT cut in boosting Australia's international competitiveness.

Focuses on the advantages of riskier investment portfolios over diversified super portfolios in Australia under the goods and services tax (GST) recommendations by government executive John Ralph. Examination of nine investment options for taxpayers; Emphasis that options examined carry big differences in risk. INSETS: Explanatory notes.;Assumptions..

Discusses the implications of the business taxation reforms proposed by John Ralph, taxation review chairman on investors in Australia. Threat posed by the recommendations to a personal investment strategy called income-splitting; Inadequacy of the capital gains tax rate for superannuation funds; Risks posed by the negative gearing of residential property investments.

Reports that Australian high-income earners are beginning to avoid investments in unit trusts due to the capital gains tax incurred when distributing realized gains. BT Equity Imputation Fund and Colonial First State's Imputation realizing large gains; BT and Colonial First State issuing warnings, particularly to financial advisors, about the high level of realized gains expected in their June 1999 distributions.

Presents information on takeover activity in Australia as of July 1999. The impact of the decisions against takeovers by the Australian Competition and Consumer Commission; Takeover possibilities including HIH Insurance and the second bid by the Australian Mutual Provident Society (AMP) for GIO Australia; Possible amendment of capital-gains tax legislation to provide rollover relief; Comparison with takeover activity in the 1980s.

Presents information on a variety of topics related to business in Australia for July 1999. The Australian Labor Party (ALP) invitation to government to discuss capital gains and corporate taxation; How the ALP can help the government reform capital gains tax; The need for Australian businesses to have an impact in Asia; Du Pont's bid for seed maker Pioneer Hi-Bred International Inc. and what impact a merger would have on farmers in Australia; Other information.

Argues the need for business tax reform in Australia. Effects of globalization and the cost of capital in Australia; Corporate tax rates; Adjustment of depreciation; Need for a capital gains tax that is compatible with that in the United States; The politics of tax change.

Discusses the impact of capital gains tax on private-equity sector and venture-capital markets in Australia. Case of David Wyatt, co-owner of PanBio; Options for change in capital gains tax; Estimated value of overseas investments that will be allocated to Australia if the rules are changed. INSET: Change on the agenda..

Cites the impact of the Ralph committee's proposed exemption from capital gains tax for shares involved in scrip takeovers and demergers in Australia. Increase in business efficiency and revolutionize the environment for mergers according to Warburg Dillon Read; Share buy-back as one of the most effective way to actively monitor capital management programs; Recent on-market share buy-backs.

Presents information on the Ralph Committee discussion paper on business taxation in Australia entitled `A Platform for Consultation.' How the report lists options for tax reforms but states no preferences; Comments from tax consultant Geoff Peterson on the report; The government's restrictive terms of reference for the review; Lack of solution for capital gains tax (CGT); Overview of the main points.

Looks at how various payments are taxed in Australia. Comments from solicitor Robert Richards on the capital gains tax (CGT); Overview of a case before the Administrative Appeals Tribunal which illustrates what tax practitioners know well about payments.

Presents information on Australian company Syrinx Speech Systems and their decision to open a branch in the United States due to the tax laws of Australia. Capital gains taxes in Australia making it harder to obtain funding; The contract they won to provide AT&T with speech recognition software; Details on the uses AT&T has for the software and program they are running in connection with their call centers.

Focuses on how professional practitioners and small-business operators are being prompted to buy strata offices due to fear of rent rises. Main focus as being the central business district of Sydney, Australia; How new owners in Sydney will achieve initial capital gains of 15 to 20 percent a year; Incentives to buying; Statistical information.

Looks at legislation detailing the Australian government's promises on capital gains relief, which will present business owners with some hard decisions. Criticism of legislation released in late 1996, which involves capital gains tax (CGT) rollover relief for businesses; Impact of family businesses; Comments from capital gains tax specialist Geoff Peterson and Ian Langford-Brown of the Institute of Chartered Accountants.

Warns investors in Australia from transferring their exiting listed-share portfolios into do-it-yourself super schemes in the expectation of valuable tax breaks. Examination of advantages and disadvantages of the strategy; Claims of tax deductions; Treatment of the transfer as disposal of shares.

Discusses the possible influence of the changes in capital gains tax (CGT) in the United States on CGT in Australia. CGT as controversial issue for U.S. political parties; Provisions prepared by Republicans; Tax cuts in states; Reaction of Wall Street.

Discusses the nature of capital gains tax (CGT) liabilities in family companies in Australia. Sydney consultant tax lawyer Michael Inglis' advice on how to manage CGT; Illustrative case; Error in the tax treatment of issued shares.

Reports that the Australian Taxation Office has been rebuffed in a key Administrative Appeals Tribunal decision relating to the taxing of capital gains on leases. Details on the decision; Background on the tribunal case; Impact of the decision.

Focuses on small businesses that have taken advantage of the Australian government's capital gains tax concession. Claiming of capital gains tax exemption after sale of business; Definition of goodwill for tax purposes; Inapplicability of goodwill on taxi licenses.

The article offers property tax advice to expatriate Australians. According to the law, the principal residence has a 6-year time limit during which homeowners are exempt from capital gains tax (CGT). During the 6-year time, expatriates are allowed to rent out their principal residence without reducing their entitlement to the main home CGT exemption. The property will start to cease becoming a main residence by the seventh consecutive year of absence of expatriates.

The article focuses on the role of capital gains tax (CGT) concessions in the reduction of taxable income in businesses. It states that CGT concessions can create large reductions to taxable income that is why it is important to check them prior to any transactions such as merging of organizations and buy or sell of company assets. It discusses the four available CGT concessions that can be used in businesses including retirement exemptions, 15-year asset exemptions and asset rollovers.

The article offers news briefs related to business. The Henry review of taxation has urged that the Australian government fix capital gains tax concessions for small business and investors. Deputy Prime Minister of Australia Julia Gillard has spoke for more co-operation between Industry and Union. Griffin Coal Mining Co. P/L was placed into administration after failing to get the 24.5 million dollar interest payments to bond holders in the U.S.

In this article the author discusses the strategies for making profits. He points out that the practice of short-term trades to make profit in a quick manner before investing again is not widely acceptable but the current economic condition demands the use of short-term trade. The author notes that every strategy has risks and downsides including the 50% capital gains tax and investors must also consider the strategies to be taken in case of losses.

The article reports on the decision of the Australian Taxation Office (ATO) concerning the Capitals Gain Tax (CGT) in Australia. It states that small companies valued at less than $6 million can apply for a CGT concession from the sale of business. It discusses the case of a client in the Prosperity Adviser who held a 45 percent stake in an $8 million business. It notes that ATO had been denying the logical result of having an economic interest in a business that is worth less than $6 million.

The article reports on the statement by accountancy body CPA Australia that small businesses can access up to 13 new tax concessions introduced on July 1, 2008. The concessions include small business capital gains tax, fringe benefits tax car-parking exemption, more flexible options for payments and pay-as-you-go installments and goods and services tax (GST).

The article discusses capital gains tax for small and medium enterprises in Australia. Some concessions are available to businesses. There is the 15-year exemption, which offers a total exemption from the tax if one continuously owns the business for 15 years. It is also required that the owner is 55 years old or older and retiring.

The article reports on the interest of big accounting firms to the bill introduced by the Federal Government to the Parliament that proposed changes to the capital gains tax laws for overseas shareholders in Australia. Under the bill, non-residents shareholders that owns more than 10 percent subsidiaries will be exempted from the 30 percent capital gains tax. With this, several planned mergers and partnership transaction among accounting firms in the country are waiting for the law to be passed.

The article discusses the innovative strategy that can be adopted by share traders which offers cut in tax payable on profits in the U.S. Under the strategy, trader's profits are treated as ordinary income and subject to standard marginal tax rates, while investor's are subject to capital gains tax. Advantages of adopting the strategy include: taxpayer pays 24.5 percent instead of 48.5 percent and capital losses can already be offset against capital gains.