Australia's largest stock trading and investment forum Australia's #1 stock forum

The Trust Debate... An ALP Win, page-48

First 48 Last

Share
Profile

Follow
Deboss

2,823 Posts.

4669

01/08/17

16:29

Post #: 26220687
Share

Originally posted by denk12 ↑

...by the Labor Party that discretionary trusts are being used to avoid tax.

Trusts MUST have a primary purpose other than a that of reducing tax. If they have NO other primary PURPOSE but reduce taxes, then that trust no longer is a tax avoidance vehicle , it is a tax evasion vehicle.

Isn't this the law?

If there isn't a tax ruling on this, then there is meant to be!

Can anyone cite the case? 'not capable of explanation by reference to ordinary business or family dealing ' The Doctors' Cases? COT v Gulland, Pincus V FCT , Watson V FCT

With this precedent, why does Shorten need to mouth his smarmy mouth off?

"We need a new law?" Says he...

"But there is already a perfectly good one in place sir!"

"Yes, but what else then shall I prattle on about in front of the TV about?" Says dear flustered Shorten.

Expand

100% correct
1 Upvote

Reply

Top Stories

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The Rising Tide: How institutional adoption is shaping the future of crypto

EXR

HotCopper users humming as Elixir Energy reports first gas flowed to surface at Daydream-2, QLD; shares jump 15%

Reporting wrap: Inghams, Accent, Mayne Pharma

The business of sport: Warren Tredrea's take on this week's news

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

RDN

Raiden gears up for exploration in final quarter of 2024

There are more pages in this discussion • 2 more messages in this thread...

First 48 Last

SPONSORED BY