Darwinian evolution of the taxation of trusts: a comparative analysis
MetadataShow full item record
This article will undertake a comparative analysis of the evolution of trusts in Australia and the United States. While the concept of a trust is well understood in both jurisdictions, it will be shown that the way trusts have been used in a commercial and taxation law context is quite different in the United States as compared with Australia. The article will commence by examining the American and Australian experiences with trusts, including a brief examination of how trusts are used and how many trusts file tax returns. This will provide an important context and backdrop to the ensuing discussion and analysis. In terms of any examination of the evolution of trusts, the British roots to the concept of a trust are important and will be analysed next in the article. Following this, a discussion of trust attributes in the United States will be undertaken. The next part of the article will examine in more detail how and why trusts are used in Australia, focusing specifically on some of the taxation implications of the use of trusts in Australia. A comparative analysis will be undertaken in the United States context, showing how similar tax outcomes can be arrived at without using the technique of a trust. The article will conclude by examining some important tax and public policy implications of the use of trusts in both Australia and the United States.
Showing items related by title, author, creator and subject.
Coming of age in the digital era: An exploratory transnational study into Australian and Singaporean PR consultants’ attitude towards digital communication.Archer, C.; Wolf, Katharina (2017)Digital and social media tools are no longer new and have become standard components of the public relations toolkit. However, they have undoubtedly changed and shaped the practice of public relations (PR) over the past ...
Chikolwa, Bwembya C (2008)According to the Reserve Bank of Australia (2006) the increased supply of Commercial Mortgage-Backed Securities (CMBS), with a range of subordination, has broadened the investor base in real estate debt markets and reduced ...
Whitehouse, A.; Robinson, M.; Li, Jianghong; Oddy, W. (2011)Duration of breast feeding and language ability in middle childhood 1. Andrew J. O. Whitehouse1,2,*, 2. Monique Robinson1, 3. Jianghong Li1,3, 4. Wendy H. Oddy1Article first published online: 25 OCT 2010DOI: ...