Identify and explain the key areas of the policy

Assignment Help Taxation
Reference no: EM131042832 , Length: word count:2500

Income Tax Law & Practice Assignment-

Purpose:

To enable you to research an aspect of taxation law and its practice.

It is important for you to have time to think through how to structure and present your responses, and to review and discuss what the law is or should be in a particular area.

Whilst discussion with others is encouraged, the final piece of work must be your own.

Topic:

This year in Australia there will be a federal election, and tax reform is currently a topic of debate. The Leader of the Opposition, the Honorable Bill Shorten MP, recently released an election policy on negative gearing and the treatment of capital gains tax discounts as they relate to the housing market (the Policy).

Required:

Identify and explain the key areas of the Policy, then evaluate whether it exhibits the features (characteristics) of a good tax system.

In your response you must include an explanation of negative gearing and the existing treatment of capital gains as they relate to property investors - referring to sections of legislation, tax rulings and cases where relevant. You must also identify and discuss features or characteristics of a good tax system.

9 apa reference.

Reference no: EM131042832

Questions Cloud

Invest funds for the next year : As a cash manager of an MNC based in the United States that has extra dollars that can be invested for 1 year, where would you invest funds for the next year? Explain.
Explanations are generically accurate : Final Exam Prompt The Imaginary Exhibition In 3-5 double-spaced pages (1" margins, Times New Roman font), please address the following in formal writing:
Resistance to adopting the new systems : Discussion how new systems development can change the order of those who control the information and how this disruption may lead to resistance to adopting the new systems.
Go to the market data section : Go to the Market Data section and then to Rates & Bonds, and you can click on a country to review its interest rates. Review the 1-year yields of currencies. Assume that you could invest at the quoted yield for each currency. Which currency would ..
Identify and explain the key areas of the policy : BULAW3731 Income Tax Law & Practice Assignment. This year in Australia there will be a federal election, and tax reform is currently a topic of debate. Identify and explain the key areas of the Policy, then evaluate whether it exhibits the features ..
Feature of organizational culture : Modern organizations have been trying to create a corporate culture with a distinct identity by moulding the behaviours of their members. Which of the following is not a feature of organizational culture?
Provo expects that the spot rate of the nz$ : Provo Co. has $15 million that it will not need until 1 year from now. It can invest the funds in U.S. dollar-denominated securities and earn 6 percent or in New Zealand dollars (NZ$) at 11 percent.
Describe the political dimensions of your project : Identify stakeholders and clients - Identify the perspectives and perceptions of the different stakeholders and clients and Describe the political dimensions of your project
How project management reduce politics projects : Addresses the conditions under which systems development becomes confused with a range of other organizational problems, where the results can be less-than-optimal combinations of social and technical systems.

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd