BULAW5916 Taxation Law & Practice
BULAW5916 Taxation Law & Practice
Assignment Topic – Semester 2, 2017
Purpose
To extend familiarity with locating legal decisions and undertaking research into an
aspect of currently debated taxation law and practice.
It is important for you to have time to think through how to structure and present your
responses, and to review and discuss what the law is in a particular area. Whilst
discussion with others is encouraged, the final piece of work must be your own.
Word Limit
Estimated 2,500 words in total. Please be aware that assignments less than this word
length will risk not covering tasks A, B and C adequately.
Note: All Federation University Australia rules relating to referencing, citation and
acknowledgement must be complied with.
Due Date
By 11.00 p.m. Friday in Week 9 – submission through Moodle.
Note: Please refer to the Course Description for further details of the assignment
(Assessment Task 2), and for acceptable referencing styles.
For this topic you are expected to refer to at least the Black Economy Taskforce Interim
Report and one academic journal article.
It is recommended that you process your assignment through TURNITIN before
submission.
Required:
Complete tasks A (20 marks) B (60 marks) and C (20 marks).
Your overall mark out of 100 for this assignment will then be converted to a result out
of 30, as this assignment is worth 30% of your total marks for this course.
Topic
Tax reform remains an ongoing topic of debate in Australia. On 9 May 2017 the
Honorable Kelly O’Dwyer MP, Minister for Revenue and Financial Services, released
the interim report of the Black Economy Taskforce. The report, and related links, can be
accessed through the Treasury (treasury.gov.au) website.
It is stated on page 1 of the Executive Summary of the Black Economy Taskforce
Interim Report
“The black economy is a significant, complex and growing economic and social
problem.
Black economy activities: undermine the community’s trust in the tax system;
create an unfair commercial environment which penalises businesses and
individuals doing the right thing; enable and entrench the exploitation of
vulnerable workers; undermine tax revenue; and enable abuse of the welfare
system.”
Also included in the Executive Summary is a recognition that, amongst other things,
increasing use of new business models such as the sharing economy are contributing to
the problem of the black economy.
Task
A. Explain what is meant by the terms ‘the black economy’; and ‘the sharing
economy’ (10+10 marks)
B. Identify a business operating in Australia under a ‘sharing economy’ business
model – and one operating under a more traditional business model. Both
businesses must operate in the same industry (e.g. accommodation services) and
must operate in Australia (although they may also operate in other countries).
Research and describe the two businesses you have chosen; describing their
business structures and how they operate. Identify key differences between them
that may affect taxation outcomes. Explain the tax consequences of these
differences under existing Australian tax law. (60 marks)
C. Read the Black Economy Taskforce Interim Report – published by the Australian
Treasury. Which of the identified proposals or initiatives do you think would be
successful in reducing the contribution of the sharing economy to the problem of
the black economy? Give reasons for your response. (20 marks)
Hint – focus on pages 32-34, 37, 46-47
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