Sub Trusts – Part 2

Sub Trusts – Part 2

To view Failed Asset Protection article please click the “read more” button. Failed Asset Protection by Cartland Law | April 8, 2024 | Adrian Cartland, Failed Asset Protection, Latest News, Payments, Succession Planning, Tax, Trust, Trust Problems | 0...
ATO Decentralised Finance And Wrapping Crypto

ATO Decentralised Finance And Wrapping Crypto

On 9th November 2023 the ATO has released web guidance in relation to decentralised finance and wrapping crypto transactions. I presented the below example over a year ago at seminars for The Tax Institute, private clients, and in submissions to Treasury. The ATO has...
10 Things I Hate About Your R&D Claim

10 Things I Hate About Your R&D Claim

10 Things I Hate About Your R&D Claim The Australian Government offers a generous incentive for Australian companies to conduct R&D activities in Australia. The ATO can refund up to 45% of your R&D expenditure. Such an attractive proposition leads many to...
Why I Hate Your Sub-Trust

Why I Hate Your Sub-Trust

There is a certain type of sub-trust over income that many trust deeds purport to create, and which the Federal Commissioner purports to allow. This is where a trust is established over the income distributed from another trust. This is problematic for the reasons...
Why We Should Abolish The Income – Capital Distinction

Why We Should Abolish The Income – Capital Distinction

Why We Should Abolish The Income – Capital Distinction Much of the present tax system was designed in an era of physical industry and service and is not well suited to the modern intellectual property-based environment. The past 20 years of “tax reform” has mostly...
Why Bill Gates’​ Robot Tax is either Bad or Scary

Why Bill Gates’​ Robot Tax is either Bad or Scary

Bill Gates has suggested that in response to robots taking the jobs of humans, there should be a robot tax. As a tax lawyer who builds artificial intelligence (and known as the Taxinator), of course I am going to have some comments. His line of reasoning is that a...
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