A new ruling from Australia’s Tax Office means
wealthy couples won’t be able to dodge high tax rates by funding divorce
settlements from corporate pockets, reports the Sydney
Morning Herald.
Previously,
private company assets were taxed at the 30 per cent company tax rate.
The new ruling, made July 30, now applies personal income
tax rates, the highest rate being 46.5 per cent, to divorce payouts from
private companies.
Bangkok divorce attorneys at Thai law firm, Chaninat and Leeds, have decades of experience in Thailand and international divorce cases.
According to the Sydney Morning Herald, this change could
significantly shrink divorce settlement payouts, making divorce more expensive
for many wealthy couples
Read the full story here.
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