悉尼大学商科研究生税法第一讲.pptVIP

Concepts of Australian Taxation Semester 1 2010 Lecturer: Antony Ting Why study taxation? Unit Outline Objectives Lecture time Course materials: bring legislation Assessments Topic overview Sources of Australian Tax Law Statute law: legislation Case law: common law ATO rulings HIGH COURT OF AUSTRALIA Federal Commissioner of Taxation v Stone [2005] HCA 21 Gleeson CJ, Gummow, Kirby, Hayne and Heydon JJ 26 April 2005 - Canberra ??Gleeson CJ, Gummow, Hayne and Heydon JJ.???During the year ended 30?June 1999 the respondent (the taxpayer) was a senior constable in the Queensland Police Service. In addition to performing her duties as a police officer, she competed during that year, as she had since before 1995, in womens javelin throwing events at national and international athletics competitions. She was very successful. In 1996 she had been a member of the Australian Olympic team at the XXVI Olympiad at Atlanta and had competed in the womens javelin event at those Games. She won the womens javelin competitions at the 1998?World Cup and at the 1998?Goodwill Games. ??2?During the 1999 financial year the taxpayer received sums as prize money, as grants by the Australian Olympic Committee (the AOC) and Queensland Academy of Sport (the QAS), as fees for some appearances she made, and as payments in cash or kind by sponsors. The appellant Commissioner contended that all of these sums formed part of her assessable income and assessed her to taxation accordingly. The taxpayer objected to that assessment … OECD: Tax Revenue Statistics 2006 (% of total tax revenue) Australian Taxation Revenue 2007-08  Income Tax Rates: Resident Individuals Top Marginal Rates for Employee (2005) [source: OECD] Individual Income Tax Rates: Issues 1950s: 19 x average earnings ? top marginal rate 2005: only requires 1.4 times “bracket creep” Now? About 2 times Long-term solution? Income Tax Rates Medicare levy: 1.5% for resident individuals and certain trustees Company: 30% Trust: 45