Reference no: EM131172158 , Length: word count:2000
Taxation Theory, Practice and Law
It is the responsibility of the student submitting the work to ensure that the work is in fact his/her own work. Ensure that when incorporating the works of others into your submission that it appropriately acknowledged.
Make it maximum of 2000 words all together.
Case study 1: Residence and source
Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. Although the length of his stay is not certain, he leases a residence in Melbourne for 12 months. His wife accompanies him on the trip but his teenage sons, having just commenced college, stay in London. Fred rents out the family home. Apart from the absence of his children, Fred's daily behavior is relatively similar to his behavior before entering Australia. As well as the rent on the UK property, Fred earns interest from investments he has in France. Because of ill health Fred returns to the UK 11 months after arriving in Australia.
Requirement - Discuss whether Fred is a resident of Australia for taxation purposes.
Case study 2: ordinary income
Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land
I. Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159
II. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188
III. FC of T v Whitfords Beach Pty Ltd (1982) 150 CLR
IV. Statham&AnorvFCofT89ATC4070
V. Casimaty v FC of T 97 ATC 5135
VI. MoanaSandPtyLtdvFCofT88ATC4897
VII. CrowvFCofT88ATC4620
VIII. McCurry&AnorvFCofT98ATC4487.
|
Identify leadership attributes you currently possess
: Describe the current policy and what needs to change; justify your conclusions with citations from the literature. Provide the process required to make the change with key players and parties of interest.
|
|
Estimate the entropy change of the propane
: Propane gas at 22 bar and 423 K is throttled in a steady-state flow process to 1 bar. Estimate the entropy change of the propane caused by this process. In its final state, propane may be assumed to be an ideal gas.
|
|
Determine the temperature of the expanded gas
: A stream of ethane gas at 493.15 K (220°C) and 30 bar expands isentropically in a turbine to 2.6 bar.
|
|
Determine the power output of the turbine
: Determine the power output of the turbine and the efficiency of its operation in comparison with a turbine that operates reversibly and adiabatically from the same initial conditions to the same final pressure.
|
|
Discuss whether fred is a resident of australia for taxation
: Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. Discuss whether Fred is a resident of Australia for taxation purposes
|
|
Compare the average level of interest rates
: Compare the average level of interest rates among the three types of loans.- compare trends in the cost of consumer credit provided by commercial banks over the past three years.
|
|
Describe policy issue for your selected role specialization
: Describe a policy issue for your selected role specialization. Synthesize knowledge for values theory, ethics, and legal regulatory statutes, and develop a personal philosophy that will map out a policy strategy that uses a high degree of politica..
|
|
How these issues will strengthen advanced nursing practice
: You will want to identify two strategies that address how these issues will strengthen advanced nursing practice. Synthesize knowledge from values theory, ethics and legal regulatory statutes, and develop your personal philosophy for a career as a..
|
|
Explain what would happen to the value of australian dollar
: Explain what would happen to the value of the Australian dollar when Australian banks borrow from overseas. In your answer, talk about the short run and long run effects of this increase in borrowing from overseas.
|