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
Andrew commenced in the role of Second Commissioner in March 2014. Andrew has overall responsibility for the ATO’s law practice, including law interpretation, dispute resolution and the ATO’s role in policy and law design. Andrew has over 30 years experience in taxation including periods in the ATO, commerce and the tax profession. Andrew was a Director of the specialist national tax firm, Greenwoods & Freehills for over 20 years and Managing Director of the firm from 2006 to 2011. He has advised clients from large multinational businesses, small and medium enterprises, as well as superannuation funds, charities and individuals. Andrew was the 2006•2007 President of The Tax Institute, was a Governor of the Taxation Research Foundation and also represented industry bodies across a number of sectors.
Current at 07 October 2014
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