According to the principle that a partnership is a flow-through entity for income tax purpose

How do the continuity of ownership test and the business continuity test operate with respect to company losses. Explain your answer in detail with reference to case law and any ATO guidance. The decision of the High Court in Bamford v Federal Commissioner of Taxation [2010] HCA 10 was a critical decision with respect to the taxation of trust income under the ITAA36. Do you agree with this statement? Give reasons for your answer. 3) Calculate the total tax paid by the company and shareholder with and without an imputation system, based on the following facts. (a) the company has one shareholder: (b) the company's before tax profit is $5,000: (e) all after tax profit is distributed in full at the end of the income year; (d) company tax rate is 27.5%: (e) the shareholder marginal tax rate is 39% including a 2% Medicare levy. (4) How does the objective purpose test in s.177D ITAA36 operate? Explain your answer with reference to the 8 factors' and PSLA 2005/24 as well as relevant case law