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LAW5230 Taxation Law

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Question:

  1. The recent budget disallowed travel deductions relating to inspecting, maintaining, or collecting rent for a rental property. What do you think is the rationale for this restriction and do you think it will adversely affect the housing market in any way
  2. “A corporate tax cut does not change the financial position of a single Australian investor. Thanks to our system of dividend imputation, cutting the company tax rate would mean that Australian investors pay morepersonal income tax because they receive less of the franking credits that are used to offset personal tax.”

Do you agree with this statement Give reasons with your answer. 

  1. The government recently announced proposed amendments to improve the operation and administration of the Division 7A of the Income Tax Assessment Act 1936.

Discuss the nature of the proposed amendments and comment on whether you believe they will improve the operation of that Division. 

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My Assignment Help (2021) Taxation Law [Online]. Available from: https://myassignmenthelp.com/free-samples/law5230-taxation-law/income-tax-act.html
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My Assignment Help. Taxation Law [Internet]. My Assignment Help. 2021 [cited 22 October 2021]. Available from: https://myassignmenthelp.com/free-samples/law5230-taxation-law/income-tax-act.html.


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