Taxes

19 November 2015

Tax Code Simplification Presidential Candidate-Style

One of the 17 presidential candidates recently said, “I can write a tax code in three pages.” Carly Fiorina is not alone among her fellow 2016 presidential contenders in advocating tax reform and simplification of the tax code. However, none...

17 November 2015

Implementing the ‘Plastax’ in the UK

Last month, England became the latest government – and last among members of the UK – to pass a policy to combat the recent rise in the use of disposable plastic shopping bags, in its case a five-pence charge for...

13 November 2015

A Wale(s) of a Tax Strategy

Companies such as Apple, Starbucks, and Amazon are well known for legally using international law to their advantage when it comes to tax. Now a small Welsh town is mimicking their tactics. Independent traders in Crickhowell are moving their businesses...

4 November 2015

The Potential in Splitting Australia’s GST into Two

The overflowing rubbish tips of Lagos, the Pacific Ocean garbage patch, and the huge electronic graveyard of Guiyu, China might seem irrelevant to Australia’s current debate over reforming the Goods and Services Tax. Yet all three of these far-flung places...

26 October 2015

The Latest South African Tax Proposals are Far-reaching

There was a time when, from a tax perspective, South Africa’s “mini budget” used to be a non-event. The main emphasis was on the annual budget speech delivered in February each year when they announced tax policy proposals. There was...

22 October 2015

Finding the Middle Ground on Dividend Taxation

With tax reform back on the agenda, the future of dividend imputation remains uncertain. Allowed in Australia since 1987, dividend imputation ensures companies and shareholders don’t end up paying tax on the same income, commonly known as “double taxation”. It...

6 October 2015

Tax Havens are Safe from the OECD for Now

The news has been full of stories about how companies such as Amazon, Apple, Google, Microsoft, Starbucks and others are able to shift their profits to low or no-tax jurisdictions by using novel, legally permitted corporate structures and complex internal...

29 September 2015

The Tobin Tax would Work, in Theory

Tax the rich and give money to the poor – that is the basis of fiscal policy put forward by the UK Labour Party’s new shadow chancellor, John McDonnell. As well as forcing large corporations to pay their “fair share,”...

23 September 2015

Discretionary Trusts and the Smell Test

The public knows something is “not right” with the tax treatment of family trusts (discretionary trusts). Accountants and tax lawyers working with discretionary trusts know firsthand that the income tax treatment has trouble passing the “smell test”. That is something...

27 August 2015

Can Australia Grow Their Economy via Tax Cuts?

In his recent speech on personal income tax cuts, Treasurer Joe Hockey made clear that the “common cause of reform [of the tax system is] to improve the growth trajectory of the Australian economy”. The key to this for Hockey...