prepare case analysis:

Federal Commissioner of Taxation v Stone 2005 ATC 4234. 1

In your analysis, discuss how the decision of the court, and the tax issue(s) examined by the Court affects a business or commercial enterprise. For example, how might the characterisation of an activity as a 'business' activity affect someone undertaking gambling activities? Alternatively, how might the High Court's recent clarification of the Australian central management & control test for tax residency affect a multinational business operating in Australia?