Some CGT outcomes of the Federal Budget (2006/07).
13 Jun 06 |
Issue: June 2006
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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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
- Current at
27 August 2012