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ACCT 5017 TAXATION ASSIGNMENT

ACCT 5017 TAXATION ASSIGNMENT

Question (20 marks)

On 8 June, the Federal Court handed down its decision in the case News Australia Holdings Pty Ltd v Federal Commissioner of Taxation [2017] FCA 645. The Commissioner was successful in this decision.

You are the tax advisor for News Limited and its group of companies. The board has asked you for your view as to whether News Australia Holdings Pty Ltd ought to appeal the decision of the Federal Court to the Full Court of the Federal Court. This advice is to be provided in a summary report of no longer than 1,500 words. The report should, IN YOUR OWN WORDS, include an evaluation of the arguments discussed in the case and also give due consideration, on the basis of a reasoned legal argument, as to whether the Federal Court applied the law correctly in reaching its decision or whether the Federal Court has made an error in law.

Guidance to help prepare your assignment answer:

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