14 February 2012
In this week’s Tax highlights:
- Appeals update: The High Court has refused the Commissioner’s application for special leave to appeal to the High Court against the Full Federal Court’s decision in RCI Pty Ltd v Commissioner of Taxation, while the Commissioner’s application for special leave to appeal to the High Court against the Full Federal Court’s decision in Qantas Airways Limited v Commissioner of Taxation has been granted
- Minerals Resource Rent Tax (MRRT) and Petroleum Resource Rent Tax (PRRT): The MRRT and PRRT Bills have been introduced into the Senate
- France’s proposed financial transaction tax: The French Government proposes to introduce a 0.1% financial transaction tax from August 2012 on certain transactions including the acquisition of French listed shares.
Plus we provide our synopsis of the latest legislative developments, tax-related announcements, ATO information and releases, and international tax developments.