Tax reform: Ralph - the key issues: prepayment and anti-avoidance measures
Publication date: 01 Mar 00
Source: "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Abstract:
This paper discusses recommendations of the Ralph Committee Report including tax shelter prepayments, managed investment schemes, product rulings, section 82KZM, derivation of income, anti-avoidance measures, an improved "reasonable hypothesis" test, extending the definition of "tax benefit", and substituting a 15 day ownership rule for the 45 day rule.
Author profile:
Kenneth Schurgott FTIA
Ken is a Tax and Commercial Law Partner in the Sydney office of Schurgott Noolan Pty Ltd. Ken has extensive experience in all aspects of tax (including state taxes) as well as business structuring, asset protection, succession planning and trust and estate law. He is a member of the Advisory Panel to the Board of Taxation and is presently heavily engaged in consultation in relation to the reform of the taxation of trusts.
Current at 09 May 2012
Click here to expand/collapse more articles by Ken SCHURGOTT.
Ken is a Tax and Commercial Law Partner in the Sydney office of Schurgott Noolan Pty Ltd. Ken has extensive experience in all aspects of tax (including state taxes) as well as business structuring, asset protection, succession planning and trust and estate law. He is a member of the Advisory Panel to the Board of Taxation and is presently heavily engaged in consultation in relation to the reform of the taxation of trusts.
Current at 09 May 2012
Click here to expand/collapse more articles by Ken SCHURGOTT.
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