Tuesday, 24 January 2017
by Cheryl Goh, FTI *
Tax practitioners are no strangers to change. Tax laws, rulings and policies are constantly in flux – we learn, we adapt, we even get creative when there is a lack of guidance. However, what is happening to the tax and accounting industry at the moment is completely unprecedented. When talk of robots and artificial intelligence become a serious topic of conversation , that’s when you know some serious change is about to happen.
|Ron Jorgensen, Partner at Rigby Cooke Lawyers|
January’s paper is Division 7A structuring: the contortionist revisited by Ron Jorgensen, Partner at Rigby Cooke Lawyers.
Jorgensen explains that Division 7A of the Income Tax Assessment Act 1936 has inherent structural, interpretative, operative and administrative uncertainties.