The final report must be longer than 1500 words and shorter than 2000 words. In grading this task, examiners will focus on your referencing to case law, appropriate sections of the ITAA 1936 and ITAA 1997 and income tax rulings issued by the Australian Taxation Office. Please see marks allocation below. A list of references used to answer all assignment tasks should be attached to the assignment.
In this assignment you are employed by a local tax consultancy practice. You have been approached by Qantas to help them deal with recent media speculation and claims that Qantas pays no corporation taxation which was raised in a recent ABC report (see attached). The CEO of Qantas has responded to the claims in the media (see attached). Your role is to prepare a report, making use of legislation, case law and any other relevant credible sources that either support the claims by the ABC. The document you produce should be clear, logical and provide advice that can be relied upon by the client.
Required:
1. In the form of a professional correspondence you are required to prepare a professional report for Qantas. (Justify all decisions with reference to legislation, case law and taxation rulings).
You are required to provide your advice by referring to:
1. Legislation
2. Relevant case / cases and the facts of each case
3. The case's / cases' relevance to the facts provided above
4. The judgment made in each case / cases.