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

100% correct;););)

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

Failure to report prompts ASX to impose multiple company suspensions

LU7

Strong PFS numbers solidify Lithium Universe's big plans for Québec

IRE

Iress runs 'hot' for Wealth Within's stock tips

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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

First 48 Last

SPONSORED BY