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Taxing Retirement Funding: employees v the self employed

Publication date: 01 Apr 04 | Source: AUSTRALIAN SUPERANNUATION LAW BULLETIN

Issue: Vol 15, no 8

Pages: pp. 117 - 118

This article deals with the threshold issues such as defining employee and self employed, then looking at the taxation of employee retirement funding, and taxation for the self-employed, including the concessional CGT rules for sale of a business and comparing the two. It concludes by saying that the taxation system support for the self employed, in particular with respect to the concessional CGT rules, is significantly greater than that for the employed. Further, this difference cannot be supported on horizontal equity grounds.

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Author profile

Gordon Mackenzie CTA
Gordon Mackenzie BSc LLB, LLM, Grad Dip Securities Analysis, CTA, F Fin, CA. Gordon is the convenor of the Master of Tax (Tax and Financial Planning) in the Tax School at UNSW, as well as teaching three superannuation regulation and tax subjects into the Master of Financial Planning run by the Banking and Finance School. He is also Director of the UNSW SMSF Specialisation for CA ANZ and CPA Australia, which has completed 600 candidates in 4 years. Before becoming an academic he was Global Tax Director at AMP Ltd and before that was their Technical Services Director with a staff of 30 professionals Australia wide servicing 3000+ advisers. As a lawyer for AMP Ltd he was responsible for the licensing of some of their licensed subsidiaries such as Hillross ltd - Current at 23 February 2017
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