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Andrew Mitchell

Joining Pitcher Partners in 2008, Andrew has worked with private business and high net worth individual clients on a range of taxation and advisory matters. He became a partner of the Melbourne firm in 2021.   A key focus in Andrew’s work is taking the time to ask questions and understand his clients so that he can consider their broader long-term objectives when he’s providing advice. Quite […]

Paul Marino

Paul provides taxation advisory and compliance services to large privately owned groups, listed companies and multinational businesses. He advises on a broad range of tax matters and specialises in Mergers & Acquisitions (M&A), tax structuring, tax consolidations and employee share schemes. He is able to leverage off his vast experience and knowledge in these areas […]

Aggregated turnover to be calculated for an entity’s financial year even if group members use different balance date

The Australian Taxation Office (“ATO”) has issued draft taxation determination TD 2021/D1 (“draft TD”) which sets out its view that an entity must work out its aggregated turnover by reference to its income year. As such, the annual turnovers of any of the entity’s connected entities or affiliates (whether in Australia or a foreign country) must be calculated using the test entity’s income year even if the connected entity or affiliate has a different financial year end.

Room for nuanced outlook on taxation

Article originally published in the Financial Review 11 June 2021 John Kehoe’s article suggesting that Labor should pledge to reduce the capital gains tax discount to fund cuts in personal income tax rates for middle-income earners raises some valid arguments. He’s not wrong that using what would be a CGT hike to fund personal tax cuts […]

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