by tonygreco | Dec 1, 2012 | Features
Do not hold your breath for a cut in the company tax rate. The mandate from the Government is that savings from within the business tax system must offset the cost of reducing the company tax rate. In other words, it must be a revenue-neutral outcome. It means the...
by tonygreco | Oct 1, 2012 | Features
This initiative is one of the few tangible outcomes arising from the 2011 Tax Forum and is also one of the recommendations of the Henry Review (Australia’s Future Tax System). The IPA has long advocated for this initiative in its pre-budget submissions, and we are...
by tonygreco | Aug 1, 2012 | Features
A backward step While we had low expectations for tax reform coming out of the recent 2012/13 Federal Budget, we were surprised to see tax reform actually go backwards with the deferral or cancellation of previously-announced tax reform measures. If...
by tonygreco | Apr 1, 2012 | Features
Tax reform blueprint There is little disagreement that our tax system is too complex and cumbersome and should be streamlined and simplified. The review into Australia’s Future Tax System (Henry Review) has provided a comprehensive ‘blueprint’ for the future direction...
by tonygreco | Feb 1, 2012 | Features
On 21 November 2011, the Assistant Treasurer released a consultation paper Modernising the taxation of trust income – options for reform. The paper explores the current issues impeding the effective operation of Div 6 of ITAA 1936 as well as those hampering the...
