Reference no: EM132388408 , Length: word count:2000

Taxation Assignment -

This assignment will develop your ability to apply relevant taxation principles, legislation and case law to real world scenarios. The ability to work collaboratively and effectively in a team environment is also an essential skill for a professional workplace environment.

Requirements: Working in a team of four tax accountants, you are to provide written taxation advice for Mr Lewis relating to the following four main tax issues:

1) Residency

2) Source

3) Exemptions

4) Business

Required Format:

Identify the specific tax issues relating to the four main categories above.

Find any relevant taxation legislation/case law pertaining to the tax issues.

Prepare your written responses for each part of the question in the following manner:

Introduction: outline the major tax issues (300 words)

Main body: explain your answers using tax legislation and case law (if relevant) to support your answers (1,500 words);

Conclusion: provide a brief summary of your main arguments (200 words)

 Format/References/Reference list - Answers must be typed in Word, Times New Roman, 1.5 line spacing. Your written response should be edited and proof read for grammatical/spelling errors. In text referencing in line with the Murdoch referencing guide should be used. Instructions in relation to cover sheet and word count has been adhered to.

Required Resources: Income Tax Assessment Act (1997), Income Tax Assessment Act (1936), Principles of Taxation Law 2019 and Any other appropriate references, Internet etc.

Note - It is related to taxation. It is related with Australian income tax so please follow proper income tax act according to Australia.

Attachment:- Case Facts.rar