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Some CGT outcomes of the Federal Budget (2006/07).

Publication date: 13 Jun 06 | Source: INTAX

Issue: June 2006

Pages: pp.10-11

On the one hand, a stepped rate of tax on capital gains was not introduced (contary to some pre-Budget rumors and speculation). But on the other hand, this was compensated for by the effect that the dramatic changes to personal tax rates and thresholds will have on taxation of capital gains derived by individuals.

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Author profiles

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Lachlan Wolfers CTA
Lachlan is the leader of KPMG’s Indirect Tax practice in China and a member of KPMG’s Global Indirect Taxes leadership team. He was formerly a director of The Tax Institute, and leader of KPMG’s Indirect Taxes and Tax Controversy practices in Australia prior to his relocation to China in 2011. In his current role, Lachlan is assisting multinational companies transition to VAT in China. He is a frequent presenter and media commentator on VAT issues in China, and is currently advising China’s Ministry of Finance and State Administration of Taxation on several tax reforms, including VAT and Advance Rulings. - Current at 27 August 2012
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