The Irish Times Businessperson of the Month: Joanna Murphy
Taxback.com wins landmark case in Australia over backpacker tax
Established in 1996 by Terry Clune as a business specialising in reclaiming tax for students who had worked abroad, Taxback.com has become a global provider of advice on tax refunds and compliance both to individuals and businesses. It now has 27 offices across Europe, Australasia, the United States and South America, and a staff of over 1,200.
In October, the company won a landmark legal victory in Australia when a court ruled that the country’s controversial backpacker tax cannot lawfully be applied to travellers from a number of foreign countries because of the wording of double taxation agreements.
Although the case focused on just eight countries - the UK, the United States, Germany, Japan, Finland, Norway, Chile and Turkey - the expectation is that the decision will lead to a change in the law, assuming it is not overturned on appeal. That would mean a windfall of up to 2,730 Australian dollars (€1,680) per year for any young working visitors to Australia since 2016, including the estimated 75,000 travelling from Ireland every year.