![]() "Russians are going to use this so desirable pause for the regrouping of the occupational personnel and to stop the Ukrainian counteroffensive." "They aim to provoke the international community and conduct a detailed investigation requiring a ceasefire," the ministry says. It also claims that Russia wants to force a ceasefire in the region and is planning to pin the incident on Ukraine. The ministry says its intelligence suggests Russians are planning to "imitate" an accident at the plant - which was captured by Russian troops in March last year. ![]() Ukraine's defence ministry is claiming Russia is planning to fake a nuclear incident at the Zaporizhzhia power plant "within hours". The update also says that the Wagner Group is reported to have exchanged 106 Ukrainian POWs for a number of Russian POWs near Bakhmut on Thursday, an exchange possibly conducted without the Russian defence ministry. On Friday, Moscow said Putin had expressed "the openness of the Russian side to dialogue on the political and diplomatic track, which is still blocked by Kyiv and its Western sponsors".īut his statement does not indicate that he is interested in pursuing talks with Ukraine - Russia still says its aim is total capitulation of the Ukrainian government. "The decreased tempo of Russian offensive operations in the Bakhmut area and the reported ongoing relief in place operation are likely further providing Ukrainian forces in the area the initiative to launch a new phase of operations around the city if they so choose," the report says.Īlso, the Kremlin is "likely reviving its information campaign to coerce the West into forcing Ukraine to accept concessions and negotiate on terms favourable to Russia". Geolocated footage suggests that Russian forces are likely to have regained their limited positions west of Klishchiivka following the counter-attack there. This process will be done by the beginning of June, he said.īut there are still Ukrainian counter-attacks nearby, with Russian military bloggers claiming Ukraine conducted successful attacks near Orikhovo-Vasylivka (seven miles northwest of Bakhmut) and Klishchiivka (four miles southwest of Bakhmut). Wagner is withdrawing from the city, having claimed it earlier this week, and Russian regular forces are moving in. The Wagner Group's Yvgeny Prigozhin claims his forces are still handing their positions in Bakhmut to Russian forces. This would happen if there was an existing loan and further funds were transferred from the company prior to 30 June in order to repay the first loan, leaving a newer loan that otherwise would fall outside of the Division 7A rules.The US-based Institute For The Study Of War does a daily update of what is happening in the Ukraine conflict. This would happen if a payment was made to the loan before 30 June and then a similar or larger amount was transferred after.Ī) the shareholder/associated obtained, before the payment was made, a loan from the private company of a total amount similar to, or larger than, the amount of the payment ī) a reasonable person would conclude that the shareholder/associate obtained the loan in order to make the payment. To paraphrase from the Tax Act there are 2 circumstances where a payment of a loan, where a shareholder or associate owes money to the company will not be taken as a repayment, and they are:Ī reasonable person would conclude that, when the payment was made, that the shareholder/associate intended to obtain a loan from the company of a total amount similar to, or larger than, the payment. Section 109R outlines the situation where a reduction in a loan balance (such as the movement of cash back into the business prior to 30 June) is not considered a loan repayment. ***SPOILER ALERT *** There is a specific section of the Tax Act that operates to discourage business owners from doing just that. the funds being treated as an unfranked dividend in the hands of the recipient), before transferring it all back to the offset account in July.Īs a business owner it can be really tempting to get the benefit of the 25% company tax rate on cash but have the benefit of that cash reducing the interest being paid on your mortgage, or so they think. Then at the end of a financial year transferring the cash back into the business to avoid the consequences of Division 7A (i.e. It has been a common practice of business owners, operating through companies, to transfer surplus cash into personal mortgage offset accounts.
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