Do you have Connections or Continuity with Australia? The ATO says you may still be a tax resident

The recent decision of Shord v Commissioner of Taxation [2015] AATA 355 highlights the inconsistent approach taken by Tribunals when looking at an individual’s residency.
Mr Shord’s case
Mr Shord was born in the UK in 1950. He first came to Australia in 1977 on a holiday and started living in Australia in 1978. Mr Shord became an Australian citizen in 2004. Mr Shord worked at numerous places around the world as an oilfield diver.

Mr Shord […]

By |July 9th, 2015|

Kazakhstan: Sales Tax May Cause A Backlash Among Businessmen

The replacement of the value added tax with the sales charges can cause new problems for Kazakhstani businessmen, mainly for small business entities. This is an opinion of a counsel of GRATA Law Firm – Yerkin Sagiyev, as reported by LS.

The expert explains: “In Kazakhstan, VAT is paid mainly by medium and large business entities. The introduction of the sales tax (ST) involves payments from small business entities as well.”

“There will be great difficulties. […]

By |July 7th, 2015|

Connecticut Budget Bill Raises Taxes For Individuals And Businesses

Following extensive negotiations between the legislature and the Governor’s office, the Connecticut General Assembly passed H.B. 7061 (the “Budget Bill”) into law.  The controversial two-year Budget Bill is expected to generate $40.3 billion in revenue and includes significant tax increases for Connecticut businesses and individuals.  Governor Malloy has proposed trimming $224 million from the Budget Bill’s tax hikes by cutting state spending by 1.5%.  The Governor’s proposed changes, the details of which remain unclear, […]

By |July 3rd, 2015|