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After the partnership was exposed to an audit, the Commissioner of Taxation amended Kylies salary to just $55,000 from $80,000 with regard to what was
After the partnership was exposed to an audit, the Commissioner of Taxation amended Kylies salary to just $55,000 from $80,000 with regard to what was deemed a fair market value for secretarial services in the 2019/20 tax year.
This is regarding australian taxation law. Chapter related to partnership.
please explain briefly providing the main point.
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