Focus Sessions

Focus Sessions

Overview and exploration of tax technical issues including a summary of history, background, irritants, obstacles and suggestions for a way forward.
These 8 sessions will provide food for thought on reform priorities and set up the next phase of discussion.

Key/ Legend

Retirement & Wealth

Business Taxation

Personal Tax and Transfer

Indirect Taxation

}

30 September 2020

12:30–2:00pm AEDT

Virtual Session

Facilitator

Robyn Jacobson, CTA, The Tax Institute

Retirement and Wealth

This session considers the taxation of retirement income, intergenerational wealth transfer and inheritance taxes.

Potential focus areas:

  • Interaction between superannuation guarantee regime, voluntary superannuation, non-superannuation wealth and age pension
  • Taxation of superannuation life cycle: contributions, earnings and benefits
  • Taxation of investment earnings outside superannuation
  • Taxation of capital: intergenerational transfers and inheritances.

Speakers

Phil Broderick, CTA, Sladen Legal

Ian Raspin, CTA, BNR Partners

}

30 September 2020

12:30–2:00pm AEDT

Virtual Session

Facilitator

Robyn Jacobson, CTA, The Tax Institute

Retirement and Wealth

This session considers the taxation of retirement income, intergenerational wealth transfer and inheritance taxes.

Potential focus areas:

  • Interaction between superannuation guarantee regime, voluntary superannuation, non-superannuation wealth and age pension
  • Taxation of superannuation life cycle: contributions, earnings and benefits
  • Taxation of investment earnings outside superannuation
  • Taxation of capital: intergenerational transfers and inheritances.

Speakers

Phil Broderick, CTA, Sladen Legal

Ian Raspin, CTA, BNR Partners

}

7 October 2020

12:30–2:00pm AEDT

Virtual Session

Facilitator

Robyn Jacobson, CTA, The Tax Institute

Business Taxation: SMEs and family businesses

This session considers the taxation of business income and entity structuring issues relevant to SMEs.

Potential focus areas:

  • Tax rates applicable to business income across entities types and regimes
  • Inextricable link between Division 6 and Division 7A: s 99A tax rates and accessing and liberating the flow of capital
  • Corporate tax rate and a reconsideration of an undistributed profits tax or entity taxation
  • Imputation system: retain, change or abolish?

Speakers

John Ioannou, CTA, Deloitte Private

Mark Molesworth, CTA, BDO

Andrew Noolan, CTA, Brown Wright Stein

}

14 October 2020

12:30–2:00pm AEDT

Virtual Session

Facilitator

Jerome Tse, CTA, King & Wood Mallesons

Business Taxation: Global and Transnational Businesses

This session considers the current tax landscape for large corporates and the barriers to operating in a global economy.

Potential focus areas:

  • Doing business against a backdrop of competing domestic policy agendas and multi-stage global economies
  • Do we have the right settings in our tax system to incentivise behaviour, attract foreign investment and remove barriers to Australians businesses expanding overseas?
  • Are the current corporate tax regimes working effectively (eg. consolidation and TOFA)?
  • Reviewing the effectiveness and efficiencies of the diverted profits tax, transfer pricing and hybrid mismatch policies
  • Corporate residency: where should we land?
  • Tackling tax crimes through coordinated and multi-jurisdictional efforts

Speakers

Paul Abbey, PwC

Michelle de Niese, Corporate Tax Association

Andrew Mills, CTA (Life), The Tax Institute

}

21 October 2020

12:30–2:00pm AEDT

Virtual Session

Facilitator

Robyn Jacobson, CTA, The Tax Institute

Business Taxation: Small Business Tax Concessions

This session draws on recent reviews and considers the policy drivers behind, and the design of, small business tax concessions.

Potential focus areas:

  • Available concessions: their justification and are they still fit for purpose?
  • Hurdles to entry and lack of consistency in eligibility criteria and across regimes
  • Efficiency and Simplicity versus Integrity
  • Interaction with other provisions: a case for streamlining.

Speakers

Leanne Connor, CTA, WGC Business Advisers

Michael Dirkis, CTA, University of Sydney

}

28 October 2020

Virtual Session

Personal Taxation and Transfer Entitlements

This session considers the interaction between the personal taxation and transfer systems, and how reforms could improve efficiencies.

Potential focus areas:

  • The personal marginal tax rates and tax offsets: have we got it right?
  • Rethinking work-related expenses: efficiency versus integrity
  • Alienation of personal exertion income: certainty needed on allocation of professional practice profits and a reconsideration of the PSI regime?
  • The question of residency: ensuring the tax system remains astride with workforce mobility.

Speakers

Dr Ann Kayis-Kumar, UNSW

Prof Miranda Stewart, CTA, ANU & UniMelb

}

4 November 2020

Virtual Session

Facilitator

Marg Marshall, CTA, WLF Accounting & Advisory

Employment taxes

This session considers the current treatment of employment taxes and whether the current system impedes job creation.

Potential focus areas:

  • FBT: overdue for reform
  • Efficient and effective taxation of fringe benefits
  • The prevalence of salary packaging: is this desirable and does this create inefficiencies?
  • Payroll tax redesigned: completing the harmonisation and removing anomalies and disincentives.

Speakers

Paul Ellis, CTA, EY

}

11 November 2020

Virtual Session

Facilitator

Steve Ford, CTA, PwC

Innovation: creating jobs and investment

This session considers the role the tax system plays in encouraging innovation and removing barriers to create jobs and increase investment in Australian businesses.

Potential focus areas:

  • Is the current and proposed R&D tax incentive fit for purpose?
  • What new tax incentives could be introduced to recognise and encourage alternative and contemporary forms of innovation, such as collaboration premiums and intellectual property incentives?
  • Are the current industry-targeted programs and venture capital measures are appropriately designed?
  • How can the tax system best support infrastructure projects?
  • Consideration of alternative forms of capital raising for start-ups and established businesses

Speakers

Minh Dao, CTA, KPMG

Mariana von Lucken, CTA, HLB Mann Judd

}

18 November 2020

Virtual Session

Facilitator

Neil Warren, UNSW

GST and indirect taxation

This session considers the design of indirect taxes and the mix of federal and state taxes.

Potential focus areas:

  • Consideration of the GST rate and base, including equitable compensation for low-income earners
  • Stamp duties and land taxes: getting the balance right
  • An array of indirect taxes: a case to reform luxury car tax, wine equalisation tax, fuel tax credits, excises, resource taxes and other charges, fees and levies

Speakers

David Marks QC, CTA, Queensland Bar

Simon Tisher, CTA, Victorian Bar

Register Now!

The tax profession is built by practitioners like you, backed by organisations like The Tax Institute.

Register for single events or a bundled, multiple-event ticket to add your ideas and expertise as we build a case for change in the tax system.

Bring your voice to the table. We’ll make sure it’s heard.

Share This