Yellow @YellowTrolley
An accountant, two post-grad degrees, in love with Income Tax. Almost all tweets and likes are about tax. Australia Joined May 2009-
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@DanNeidle And Eritrea. And when they’re enforcing it…. problems
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Yellow retweeted
Volkswagen to axe up to 100,000 jobs in sweeping cost-cutting drive ft.trib.al/wapoWbm
Yellow retweeted
Yellow retweeted
My latest Economics Explained column in @FinancialReview. The massive increase in cigarette excise has INCREASED smoking in Australia. A lot. Illegal smokes are now more than 80% of the market. And excise revenue has cratered. The only way to fix this is to cut the excise to zero for a while. This will force illicit tobacco out of the market and allow us to start again. afr.com/politics/feder…
Pillar One being revived? 🤔
Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution. news.bloombergtax.com/daily-tax-repo…
@tax_oz @RizviAbul Don’t quite agree with Abul. And NZ is not exactly an economic powerhouse…
Yellow retweeted
In medieval Germany, buildings were taxed on the area of their foundations, which is why they had larger upper than ground floors.
Yellow retweeted
The Australian Tax Office needs additional tools to discourage transfer pricing by tech companies hoping to avoid paying for local news content, the country’s commercial television broadcasters say. news.bloombergtax.com/daily-tax-repo…
@toy59496 @TaxPawspective I don’t think retain income will no longer 47%. It’s minimum tax, not maximum tax, of 30%.
full-public-disclosure feature in Australia’s “country-by-country” reporting plan!
I get the feeling that what everyone wants to read right now is a tax article: eidebailly.com/insights/blogs…
@FootnotesGuy Once upon a time “broad base low rate” was the tax mantra - all the way from OECD to … everyone. I was taught that GST/VAT was the most efficient tax. Is that mantra still a thing?
@keithmarlowau @szabosolicitors Does the article assume the CGT rule for individual would be different from the rule for “widely held” funds/trusts?
@toy59496 So loss is still indexed - wrong to say it’s not. The third basket, neither gain nor loss, is the one that is not. (2/2)
@toy59496 The calculation is like pre-99. In pre-99 there are 3 baskets. You do two calculations. Excess of cost base over capital proceeds is your loss. Excess of capital proceeds over indexed cost base is gain. If neither produces a positive amount, no gain or lose. (1/2)
@JesusFerna7026 Very interesting conversation. Thank you for the explanation.
Yellow retweeted
Your client is using ChatGPT. Is that a privilege problem? lawtimesnews.com/practice-areas…?
Yellow retweeted
The ATO has successfully appealed a ruling that could have opened the door for employees across Australia to claim their home office rent expenses as income tax deductions. smartcompany.com.au/tax/employee-w…
Yellow retweeted
The United Arab Emirates has introduced the first phase of a new research and development tax incentive regime, taking into account more favorable treatment of some nonrefundable tax credits in recent global minimum tax guidance. taxnotes.co/4cXx47Y
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