Bad old days of sales tax are revisited in a GST context.
01 Apr 06 |
Issue: April 2006
Pages: pp. 10-11
Under the old sales tax legislation, a number of the exemption items applied where goods were "for use in" a particular activity or thing. The obvious difficuty with interpreting an exemption item by reference to another party's intended use is one of information asymmetry. While the old slaes tax legislation had some mechanisms to overcome the difficulties, the GST law does not.
This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.
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