LWB364 INTRODUCTION TO TAXATION LAW SEMESTER 1‚ 2011 LINA TERRESA BUI 1 Lina Terresa Bui RESIDENCE 2 Lina Terresa Bui STATE THE ISSUE The issue which arises on the facts is whether the [taxpayer] is a resident for tax purposes. BACKGROUND The general jurisdictional rules provide: Residents are assessed on their ordinary income and statutory income from all sources (ss 6-5(2)‚ 6-10(4) ITAA97) Foreign residents are assessed on their ordinary income and statutory income from
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Commissioner vs. Pineda‚ 21 SCRA 105 When Atanasio Pineda died‚ his estate was divided among his wife and their 15 children. The eldest among the 15 children‚ Atty. Manuel Pineda had a share of P2‚500 but the BIR found out that the income tax return of the estate for the years 1945‚ 1946‚ 1947 and 1948 was not filed‚ so the collector of Internal Revenue issued an assessment and charged the full amount to the inheritance. The issue here is‚ can the Bureau of Internal Revenue collect the full amount
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Question 1. One of the important concepts in Canadian taxation is integration. Discuss the mechanisms built into the Canadian tax system for Canadian controlled private corporations to allow for integration. In your discussion‚ include the taxes put into the system to prevent deferral‚ the dividend gross-up and dividend tax credit prior to 2014 and for tax years after 2013. Discuss both investment income and business income. Question 2. Memo To: Staff Accountant From: Manager
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8051 TUTORIAL Donal Heffernan University of Limerick May-2002 8051 Tutorial D.Heffernan © 2000‚ 2001 1 Blank 8051 Tutorial D.Heffernan © 2000‚ 2001 2 Some reference material: Test books + MacKenzie Scott. The 8051 Microcontroller‚ Prentice Hall. 3rd. Ed.‚ 1999 + Yeralan and Ahluwalia. Programming and Interfacing the 8051 Microcontroller. Addison-Wesley. 1995. U.L. Server (Shared folder) Go to ‘Network Neighborhood’‚ then ‘Entire Network’‚ then pick Domain ‘Intel_Data_Comm’
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TUTORIAL 1 – BUSINESS COMBINATION SUBMISSION DATE: QUESTION 1 On 1 January 2014‚ Moon Bhd paid RM700‚000 cash‚ issued a three year 6% note payable with a face value of RM1‚500‚000 and 100‚000 ordinary shares with a par RM1.00 to acquire 70% interest in Star Bhd. Moon Bhd ordinary share has a market value of RM2.60 per share on that date. Moon Bhd also issued 18‚000 of its shares for other direct costs of the acquisition and total cost of registration for all the above ordinary shares was RM40
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_______________________________________ ENSC 406 – Spring 2014 – Week 4 Tutorial Assignment Readings: Textbook chapter 4 and 5‚ Engadget article posted on WebCT (http://www.engadget.com/2009/01/19/belkin-pleas-for-mercy-over-paid-amazon-reviews-deception/)‚ and the Auschwitz Article posted on WebCT (http://www.spiegel.de/international/germany/0‚1518‚742013‚00.html) Briefly answer each question below. The assignment is designed to prepare you for tutorial‚ so be prepared to discuss each item further in class
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Taxation law notes – Winson Edition 2010 Income from business The main issues that arise from income from business: 1. Is a business being carried on? Ferguson v FCT FCT v Walker Ruling TR 97/11 Ruling TR 2007/8 1.1 hobby or business - Evans v FCT—gambling - FCT v Stone—sportman and sponsorship 1.2 Share trading - Shields v Deputy Commissioner of Taxation 2. Is income or capital nature? 2.1 scope of business - Californian Copper Syndicate v Harris - Western Goldmines (NL) v DCL (WA) -
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Tutorial questions: Week 1 Prior to discussing the following scenarios‚ a general discussion on CAMPARI - Character‚ Ability‚ Margin‚ Purpose‚ Amount‚ Repayment‚ Insurance/Security would be appropriate. 1. A 19 year old unemployed male is applying for a credit card with a limit of $1‚500. 2. A 23 year old female on a disability allowance due to her physical disability is applying for a $2‚000 line of credit to purchase a computer and associated hardware and software. 3. A 65 year old
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Answer to Tutorial Exercise Semester 2‚ 2011 Question An Lushan operates the Tang Empire restaurant in Hawthorn. He places his regular weekly order for $1000 worth of ‘Yellow Turban’ noodles with his supplier‚ Wu Zetian‚ who manufactures foodstuffs in Victoria. Unfortunately on one week the noodles are adulterated with a cleaning agent. Fortunately An Lushan realises that the noodles are unfit to eat before he serves them to his customers. (a) Explain whether there is a breach by Wu
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QUESTION 1 Studmaster Pty Ltd was a landlord that owned a shopping complex in Bourke Street‚ Melbourne. Mrs Tran operated the “Vietnamese Lunch Box” outlet in the food court. She had little ability to speak or read English‚ which the representatives for Studmaster knew about. Studmaster proposed a three year renewal of her lease at $48‚000 per annum plus GST for the first year and CPI increments in the second and third years. A representative for Studmaster told Mrs Tran that: • “We
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