Hi6028

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Taxation Theory, Practice and Law - Solution Week 6 AS per ATO , ITAA1997, Divison 7 Fringe benefit is the compensation paid by the employer to employee against their performances and positions. Sometimes it is also paid by third party with an arrangement with thee employer. And separate taxable value is calculated for Fringe benefit for tax purpose. For Course fee of $12000 paid by Mason’s employer will be treated as Fringe benefi…

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Theory, Practice & Law

Taxation Theory, Practice and Law - Solution Week 6 A Fringe Benefit is a form of pay for the performance of services. If the employee receives taxable fringe benefits from the employer then they should be included in the salary in the year in which benefit is received. In this question, Mason course fees was borne by his employer. Education benefit is allowable only up to $5250 per year. Here Mason has received benefit of $12000. Hence …

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Week 1 Different Functions of Taxation Taxes are described as contributions by donors to budget and extra-budget funds in set sums within a normal and specified time period. The tax purpose is an abstraction of its essence, the tax feature outlines its social goals of value-based allocation and income redistribution. Any step taken by the taxing machinery is an indication of the essence or group of such internal features, indices or econ…

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law and Practice

Case-1 John - Casino Case Information about the case Mr. John with an approved license to operate a casino in Melbourne by the name of “The Casino East”. He has received a 10-year license and approval for 90 years of casino building. He has paid $180 million for the approval of casino license and $80 million as prepaid rent covering the first 10 years of casino’s rental as instructed by Government agency. He also…

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Calculation of Taxation Law  Table of Contents Week 6 Week 7 Week 8 Week 9 Week 10 References Week 6 The provisions of the Income Tax Assessment Act related to Fringe Benefit Tax provide that any payment made by the employer towards expenses of the employee would be regarded as a fringe benefit irrespective of whether the amount is reimbursed to the employee or paid directly to any third party (ATO, n.d. a). Accor…

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation

Assessment  QUESTION 1 GOODS AND SERVICE TAX Goods and service tax refers to as a value added tax. In Australia, GST is levied at a rate of 10% on most of the goods and services sold. This tax is charged on every stage of the transaction but is refunded to everyone present in this chain of transaction except the final consumer. The tax of GST is a consumption based tax that is the person consuming would be the one paying the tax. (G…