The Capital Revenue Debate and the Managed Funds Review
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:
Andrew Mills CTA-Life
Andrew is a Director of tax specialist firm Greenwoods & Freehills, where he advises clients on a range of domestic and international tax issues, primarily in the financial services sector. His 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 2006/07 and was a member of the expert panel to the Board of Taxation's Review of the Taxation of Managed Investment Trusts and the Review of Collective Investment Vehicles.
Current at 02 July 2012
Click here to expand/collapse more articles by Andrew MILLS.
Andrew is a Director of tax specialist firm Greenwoods & Freehills, where he advises clients on a range of domestic and international tax issues, primarily in the financial services sector. His 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 2006/07 and was a member of the expert panel to the Board of Taxation's Review of the Taxation of Managed Investment Trusts and the Review of Collective Investment Vehicles.
Current at 02 July 2012
Click here to expand/collapse more articles by Andrew MILLS.
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