This article considers the emergence of Islamic banking and finance in global financial markets and efforts by governments (through regulatory and tax initiatives) to facilitate it. Recently there have been calls for Australia to become a financial hub – particularly in south East Asia. One...

One of the potential reforms to be considered by the Henry Review is a proposal by the Institute of Chartered Accountants Australia and Deloitte for the introduction of a tax transparent company (the ICAA proposal). The central proposition of the ICAA proposal is that the introduction of a tax...

It is the present practice that asset revaluation reserve distributions by trustees of discretionary trusts are not taxed in Australia. Are such distributions not meant to be taxed, or have relevant sections in the income tax assessment acts been overlooked? This article will review how trustees...

Success in a modern world requires more than just technical skills, with employers requiring graduates with arange of skills which can be critical for job performance and career advancement (Cohen, 1999; Tucker & McCarthy, 2001). An important graduate attribute is good communication skills (Usoff &...

This article will analyse whether an asset revaluation reserve distribution made by a trustee of a discretionary trust could be regarded as ordinary income for the receiving beneficiary. This is important as normally only the capital gains tax treatment is considered, with the resultant...

With any business investment overseas there are numerous considerations, one of which is whether to conduct via a branch or to create a separate foreign business form. For Australians investing into the United States (the US) there are a number of business forms, extending from corporations,...