Question: There has been much debate around the relevant tests for residency in relation to Australian taxpayers. This debate has led to numerous recent litigations with

There has been much debate around the relevant tests for residency in relation to Australian taxpayers. This debate has led to numerous recent litigations with respect to whether a taxpayer is or is not a resident for Australian taxation purposes.

Required:

Discuss current legislative provisions with respect to the test of residency for Australian Taxation purposes. With respect to recent developments (proposed test by the Board of Taxation) discuss implications and propose a residency test that you believe will work in a modern society.

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Current legislative provisions regarding residency for Australian taxation purposes are outlined in the Income Tax Assessment Act 1936 ITAA 1936 and the Income Tax Assessment Act 1997 ITAA 1997 Accord... View full answer

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