The Capital Revenue Debate and the Managed Funds Review

The Tax Specialist | 1 Apr 09
 

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Publication date: 01 Apr 09

Source: "THE TAX SPECIALIST" JOURNAL ARTICLE

Abstract:
This article is a reproduction of a paper delivered at the Taxation Institute 2009 Financial Services Conference. The paper has a particular focus on the capital-income debate surrounding Managed Investment Trusts. It concludes that trusts should be considered differently to investment companies. The paper also summarises some of the submissions to the Board of Taxation’s Managed Investment Trust Review. Finally, the paper looks at some aspects of the interplay between that Review and the new TOFA regime.

Author profile:

Author Photo - Andrew Mills CTA-Life
Andrew Mills CTA-Life
Before taking up the position of Second Commissioner at the Australian Taxation Office (ATO) in 2014, Andrew was a Director at the tax specialist firm Greenwoods & Freehills (for approximately 20 years), where he advised a diverse range of clients on domestic and international tax issues. Andrew's career spans over 30 years and includes periods in the Australian Taxation Office, as well as corporate and professional services organisations. Andrew was President of The Tax Institute for 2006/2007 and a Governor of the Australian Tax Research Foundation. He was a consultant or expert panel member to a number of Board of Taxation Reviews and represented the Tax Institute on ATO and Treasury Committees.
Current at 16 February 2015
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