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Tax Accounting and Livestock in Australia: Insights from the Wade Case
Paperback
Business GeneralInvesting & Finance
ISBN13: 9783838219059
Publisher: Ibidem Pr
Published: Apr 8 2024
Pages: 154
Weight: 0.48
Height: 0.40 Width: 5.80 Depth: 8.20
Language: English
The authors take an in-depth look at an accepted practice of classifying ALL animals held in a business of primary product in Australia as revenue assets regardless of the function they perform in that business. This practice denies retiring farmers tax concessions granted to other businesses. They describe the practice as unfair, and after a deep examination of the circumstances that gave rise to the generally accepted accounting and tax interpretation, they find that it is not true.
They report their story and point their fingers at a glaring tax injustice.Also in
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