ICOs – Infinitesimal Chance Of Success. Or in plain-English, simple theft.
Before investing in a crypto-coin of any variety – you must ask yourself at least these two questions.
The Personal Property Securities Register (PPSR) in a nutshell
The Personal Property Securities Act (PPSA) is the legislation that governs everything about security interests in personal property, which is almost all property that is not land.
The broad purpose of the PPSA is to create a system for the registration of security interests, which is searchable by anyone and which can then be enforced against other parties. This register has been formed as the Personal Property Securities Register (PPSR).
Why are company ‘tax cuts’ anti-Australian and next to useless?
We are not advocates of higher taxes. But, we are advocates of honest tax policy. So read ‘company tax cut’ as essentially a reduction in Australian tax on foreign investment. Full stop.
What is an unpaid present entitlement or ‘UPE’?
If you have a discretionary family trust, then chances are your accountant has mentioned ‘unpaid present entitlements’ or ‘UPEs’. No doubt you have just nodded wisely, but deep down, do you really know what this means?
Yes, you do need a testamentary trust
Most people who advise on testamentary trusts talk about the ‘tax benefits’. This emphasis is plain wrong. Why? Because, a simple Will (without a testamentary trust) is more likely to do harm, and to lead to family disharmony, than one with a testamentary trust.
Are trusts a ‘tax loophole’ exploited by the wealthy?
People who say this are just demonstrating their ignorance. Here’s why. The ability to use a trust as a ‘tax loophole’ was pretty much closed out in the 1970-80s. To suggest that trusts somehow make tax disappear for the ‘wealthy’ is plain silly.