May 31, 2011
Levelling the not-for-profit playing field
By Arthur Koumoukelis and Jon Cheung of Gadens Lawyers, Sydney
In a speech to the National Press Club on 27 May 2011, Assistant Treasurer Bill Shorten released a consultation paper entitled ‘Better targeting of not-for-profit tax concessions’. The consultation paper marks the first stage of the reforms announced in the 2011 Federal Budget. Social enterprises, charities and not-for profit (NFP) organisations with significant income-generating activities will need to consider how these reforms may impact their ability to continue such activities in a sustainable and tax-effective manner. read more…
May 23, 2011
To learn more about doing business in India, please see the attached Destination India – 2010.
May 11, 2011
Charity redefined: Broader scope for charities?
By Jon Cheung of Gadens Lawyers, Sydney
On 11 May 2011, the ATO issued draft Ruling TR 2011/D2 (Draft Ruling) and a Decision Impact Statement (Decision Impact Statement) setting out their views in relation to the Aid/Watch(1) case (see our case update here). The Decision Impact Statement and Draft Ruling have a significant impact on future or proposed activities and on some organisations not previously considered ‘charitable’. read more…
March 31, 2011
The second half of Alex Larkin’s presentation addressed the opportunities for foreign and domestic investors in the electricity generation sector. He began by saying that the government needs to make some good decisions to facilitate this, specifically when it comes to electrical pricing. Electricity is just too cheap at this point to attract foreign investors to come in and build power plants. They won’t make any money if they’re forced to sell at 5 cents per kilowatt hour.
March 31, 2011
Following Mr. Thao’s presentation on the Vietnamese Lawyers Federation and the history of the legal industry in Vietnam, the delegates turned their attention to Alex Larkin, who talked about the legal framework for foreign investment and the establishment of business entities in Vietnam. Alex is a transplant from Washington State, so he had a unique perspective on the opportunities available to foreign investors.
March 30, 2011
During the ILN’s 2011 Asia Pacific Regional Meeting in Hanoi, Vietnam, we had a very interesting presentation with Mr. Nguyen Van Thao, the Vice Chairman of the Vietnam Lawyers Federation. He treated the group to a fascinating history of legal practice in Vietnam, and the current state of the legal industry. After a welcome from our chairman, our local host lawyer, Mr. Phan Nguyen Toan, translated the presentation for us.