Assignment (Doc) | Taxation Law

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

TAXATION LAW1
Table of Contents
Answer to question 1:.................................................................................................................3
Answer A:..............................................................................................................................3
Answer B:...............................................................................................................................3
Answer C:...............................................................................................................................3
Answer D:..............................................................................................................................4
Answer E:...............................................................................................................................4
Answer F:...............................................................................................................................4
Answer G:..............................................................................................................................4
Answer H:..............................................................................................................................5
Answer I:................................................................................................................................5
Answer to question 2:.................................................................................................................6
Answer to Question 3:................................................................................................................8
Answer to question 4:...............................................................................................................11
Answer to A:........................................................................................................................11
Answer to B:........................................................................................................................11
Answer to C:........................................................................................................................12
Answer to D:........................................................................................................................12
Answer to question 5:...............................................................................................................13
Answer A:............................................................................................................................13
Answer B:.............................................................................................................................13

TAXATION LAW2
Answer to C:........................................................................................................................14
Answer to D:........................................................................................................................14
Answer to E:.........................................................................................................................15
References:...............................................................................................................................16

TAXATION LAW3
Answer to question 1:
Answer A:
As per the commissioner view it lay down that the ruling of taxation TR 2019/1 states
when a business carried by an organisation in the sense of small entity business under the
section 23, “Income Tax Rates Act 1986” as the case of income in the F.Y of 2015-16 and
2016-17 or under “section 328-110, ITAA 1997”1.
Answer B:
As per the “Division 30, ITAA 1997” explains the rule and regulation related to allow
of deduction from tax in case of gifts and contribution2.
Answer C:
In Australia for the resident the highest marginal rate of tax is 45% of income in the
F.Y of 2019-20.
Taxable Income Tax on Taxable Income
From 0 to $18,200 Nil
From $18,201 to $37,000 19c for each $1 over 18,200
From $37,001 to $90,000 $3,572 + 32.5c for each over $1 over 37,000
From $90,001 to $180,000 $20,797 + 37c for each $1 over $90,000
1 Sharkey, Nolan. “Reinventing Administrative Leadership in Australian Taxation: Beware
the Fine Balance of Social Psychological and Rule of Law Principles.” AUSTRALIAN TAX
FORUM, vol. 31, no. 1, 2016, pp. 63–97.
2 Pert, Alison, et al. “'Federal Commissioner of Taxation v Jayasinghe' (2016) 247 FCR 40.”
Australian Year Book of International Law, vol. 35, 2017, pp. 260–262.