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TOPIC: Howard Bowles 501(3) cases with Julia Gilllard

Howard Bowles 501(3) cases with Julia Gilllard 2 weeks 4 days ago #3301

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Marsha Blackburn knows her tax laws, and the question becomes, is Howard Bowles' Board liable if it blows the whistle on funnellers of Australian taxpayers money to a Pay to Play Scheme? www.scribd.com/document/338288165/Referr...15-Letter#from_embed
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Howard Bowles 501(3) cases with Julia Gilllard 2 weeks 1 day ago #3305

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Armstrong Economics says:

Clinton Foundation Being Investigated now by IRS, FBI & Intelligence
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Blog/2016 U.S. Presidential Election
Posted Nov 4, 2016 by Martin Armstrong

clinton-foundation-irs

Wikileaks has also revealed that the Clinton Foundation, which is the closest thing to a Racketeering Organized Crime Family, is being investigated by the IRS. However, sources also say that the FBI investigation of the Clinton Foundation is far more serious than did she have classified info on private emails.
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Howard Bowles 501(3) cases with Julia Gilllard 5 days 10 hours ago #3320

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Slater and Gordon shares smashed to pieces - record low - continues to bleed cash
Thursday, 16 February 2017

Screen Shot 2017-02-16 at 7.49.41 am

I think Andrew Grech and his generous board might be starting to get the message.

This line from their try-to-be-upbeat announcement to the ASX explains:

Slater and Gordon's Australian business has more recently started to show signs of being impacted by negative sentiment about the business



Screen Shot 2017-02-16 at 7.30.10 amScreen Shot 2017-02-16 at 7.30.24 am

Screen Shot 2017-02-16 at 7.29.26 am
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Howard Bowles 501(3) cases with Julia Gilllard 1 day 9 hours ago #3324

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Michael McGarvie's wife works for Slater and Gordon and his Howard Bowles must know the trust accounting rules for funds passed through trusts for the deposit on a house. What do you think about this theory from one on the investigative reporters that Howard Bowles was 'spying on'?

ATO Commissioner asked for tax ruling on "the scheme Bernard cooked up" for GILLARD
Monday, 20 February 2017

Moments like this make it all worthwhile!

KC read our post yesterday about GILLARD and the "scheme Bernard cooked up" to provide her with a lump sum "loan".

Another of our brilliant readers and regular contributors had provided a professional tax litigator's view on the scheme/combination/conspiracy. Yesterday we published that on the website, today KC has dispatched this note to the Commissioner of Taxation.

Just magnificent work, thank you to all concerned.



Sent this off to the ATO (to whom I remit close to $900K a year). Be interesting to see what response I get.


Commissioner of Taxation

I write to seek a tax ruling relative to the apparent accepted practice of a corporation providing a loan to employees, and then, over time, forgiving the loan, as some form of incentive/bonus scheme to extend the time staff remain in the employment of the corporation.
This would appear, most easily understood in the practice of Slater & Gordon expose on

www.michaelsmithnews.com/2017/02/they-go...ly-unprosecuted.html

As a substantial employer I seek clarification from the ATO as to the clear precedent set by this established, if somewhat unusual method of remunerating staff whilst, apparently avoiding taxation obligations.

I would also seek clarification as to whether the forgiveness of this loan, over time, is also a deductable expense for the employer.

While I would understand that Slater & Gordon are a large and powerful law firm with deep connections into the body politic this country is still the land of the “fair go”. If this matter is known to the ATO, which I am aware has been brought to its attention, is the ATO turning a blind eye or at least is it determining no ATO fraud has occurred and payment arrangements, by way of a forgiven loan is not taxable income. If this is in fact the case it should be available to all businesses to offer a salary package with this type of tax free incentive included.

Yours Faithfully
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