The Tax Specialist
Designed for the specialist tax professional, The Tax Specialist journal is essential reading for corporate tax advisers, accountants, lawyers and academics. Featuring in-depth analysis, opinion and argument on legislative, administrative and judicial issues it is published five times per year and is available by subscription. Also known as the Red Journal.
Subscription pricing
- AUD $330 Taxation Institute Members
- AUD $385 Standard subscription
- AUD $340 Member Subscribers outside Australia
- AUD $400 Non-Member Subscribers outside Australia
To subscribe to The Tax Specialist please download an order form (297KB PDF).
Articles from the current issue:
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Islamic finance meets Australian taxationAdd to cart
A greater understanding of the increasing influence of the Islamic business sector is required by Australian practitioners. This paper explores primary factors that distinguish Islamic from conventional finance including: how Australian income tax law impacts on typical Islamic transactions like debt/equity issues, home finance and private investment; the inherent differences between Muslim-owned and Australian-owned businesses; and access to business concessions to create fairness.
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Yearning for earnout certaintyAdd to cart
This paper considers draft Taxation Ruling TR 2007/D10 which indicates the ATO’s current view of the CGT implications for vendors and purchasers in earnouts and reverse earnouts. It compares the current ATO approach with that taken in previous rulings, and also considers and compares the tax treatment of such earnouts in comparable overseas jurisdictions. It concludes that the current approach is not always defensible by reference to statute or case law, and that it leaves practitioners and their clients in a state of considerable uncertainty. The paper suggests potential solutions to these problems, and argues that the final ruling will have to adopt a significantly different position in order to remove this uncertainty.
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Taxation of virtual propertyAdd to cart
How and when is it appropriate to tax transactions involving “virtual property”? This question casts light on how far the Australian legal system has to go in comprehending and codifying the status of “virtual property”. Should “virtual property” fall within the scope of the intellectual property regime? Or is it common law chattel property to which an individual can have a right or interest to the exclusion of all other individuals? Given the uncertainty as to the precise legal standing of “virtual property” it is timely to consider how the Australian income tax regime could apply to these transactions, and to consider how this could inform our debate about the legal standing of “virtual property”.
