Carbon tax: the good, the bad and the ugly

What it isThe carbon tax – or more correctly, the Carbon Pricing Mechanism (CPM) – was launched amid much debate by Prime Minister Julia Gillard on 10 July 2011.The CPM is part of the Clean Energy Legislative Package comprising 18 Clean Energy Bills. The package...

Surviving earnouts

Despite this delay, merger and acquisition (M&A) transactions still continue and taxpayers encountering various types of earnout arrangements need to be mindful of these changes. What is an earnout arrangement? Earnout arrangements are commonly used in the sale of...

Living with Division 7A

The smart practitioner will not cry over whether what happened was right or wrong. Instead he or she will think of what they can do to help their clients now. The question then becomes what options do you have for these “section two” and “section three” loans? Section...