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Division 6C and MITs presentation

Member Price: Free
Non Member Price: $15.00

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Published on 19 Feb 14 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation covers:

  • trust taxation reforms
  • collecting taxes in respect of taxable income of trusts:
    • why tax certainty is important
    • when is a trustee liable to pay taxes?
    • Division 6
    • Division 6C
  • Division 6 issues which undermine collection:
    • who pays - beneficiary or trustee and which trustee?
  • Division 6C issues - collection and administration policy rationale?:
    • eligible investment business definition
    • what is control of a trading business?
    • what are similar financial instruments.

Author profile

Karen Payne
Karen Payne, CTA, was appointed Inspector-General of Taxation & Taxation Ombudsman commencing on 6 May 2019. She leads the Taxation Ombudsman complaints management service for taxpayers and advisers and the Inspector-General of Taxation’s review and public reporting function, both of which are directed at improving the tax administration system for all taxpayers. Karen was previously a Member of the Board of Taxation as well as the inaugural Chief Executive Officer of the Board of Taxation. She was formerly a partner with MinterEllison, specialising in corporate and international tax for mergers and acquisitions, and capital raising for the financial services, mining, energy, and utilities sectors. She brings a wealth of experience and extensive networks to the role of Inspector-General having worked with a range of government and private stakeholders as well as the legal and tax profession, and many industry bodies. - Current at 26 July 2023
Click here to expand/collapse more articles by Karen PAYNE.

 

This was presented at 2014 Financial Services Taxation Conference .

Get a 20% discount when you buy all the items from this event.

Individual sessions

BEPS: OECD perspective

Author(s):  Richard J VANN

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Policy and tax reform

Author(s):  John Freebairn

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Current issues relating to trusts Division 6C and MITs

Author(s):  Karen PAYNE

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The attribution of profits to permanent establishments

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Transfer pricing aspects of insurance & reinsurance

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Tax issues in restructures, acquisitions and dealing with distressed debt

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Financial transaction taxes - Current state of play and potential impacts

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BEPS: Treaty aspects

Author(s):  Claudio Cimetta

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Income tax and The Personal Property Securities Act 2009 (C’wlth)

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Review of the debt/equity tax rules

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FATCA - What is the state of play?

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Liabilities – A changing world post TOFA

Author(s):  Euan CAMPBELL,  Andrew Hirst

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The new transfer pricing rules in the context of financial services

Author(s):  Kristen DEARDS,  Sarah Stevens

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Taxation of life insurance companies – Reflections on the 2000 reforms

Author(s):  Patrick Grob,  Jeremy Hirchhorn

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Recent cases

Author(s):  Joanne DUNNE,  Juliette Mason,  James Patto

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Offshore banking units

Author(s):  Tony FROST,  Ultan MacDonald,  Craig Marston

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