It's that time of year, and just because there are new promoter penalty laws, it doesn't prevent the inevitable flood of emails for non-product ruling investments that usually start flowing in. These emails promise unlimited deductibility or non-assessability with no adverse tax effects.
This event was aimed at all accounting and taxation practitioners and their staff who have email addresses! In this seminar, Mr Jack Stuk, a respected and senior taxation lawyer looked at a few tax alerts that have been issued in the last 24 months in some detail. Jack considered what the perceived benefits are, compared them to the Commissioner's position and offered his considered opinion and commentary on these types of schemes generally.