Australia

The Australian Bushfires – how you can help support Australia while ensuring that donations are tax deductible in the United States.

Posted in Australia | Posted on Jan 9, 2020

The bushfires are having disastrous consequences across Australia. It is with great sadness that each day we witness, from afar, the destruction of... Read more

Is your Australian related party loan “debt” or “equity” for US tax purposes?

Posted in Australia | Posted on Jan 6, 2020

If you are attempting to determine how your related party loan could characterized for US tax purposes, there are a number of considerations... Read more

Is your Australian trust a “grantor trust” for US tax purposes?

Posted in Australia | Posted on Jan 6, 2020

The US taxes a “United States Person” (defined to include a ‘US resident’ or a citizen) on a worldwide basis, whereas non-US persons... Read more

The 2019 OECD Tax Statistics – how does the US and Australia compare?

Posted in Australia | Posted on Dec 19, 2019

The OECD has released its annual Revenue Statistics Report comparing the tax data for all OECD countries . The OECD Tax Statistics The... Read more

CGT Main residence exemption removed for Foreign residents

Posted in Australia | Posted on Dec 5, 2019

  The Australian Senate passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 overnight. If you are a “foreign... Read more

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