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Interest in non-resident trusts: A review of the conflicting income tax regimes paper

Published on 01 Jan 97 by Australian Tax Research Foundation

This book outlines the basic operation of regimes which relate to the taxation of Australian trusts deriving foreign source income and a taxation of Australian residents with interest in these foreign trusts. The layering of regime on regime under the current structure means the rules are probably amongst the most complex in Australia's international tax system. Particular attention is given to the policy objectives underlying these regimes, the application of reconciliation rules and through the benefits from a tighter targeting of the different regimes and a clearer delineation between them to eliminate overlaps and inconsistencies.

Author profiles

Lee Burns
Lee Burns is Professor in Taxation Law, Faculty of Law, University of Sydney, specialising in international and comparative tax law. Lee is the author of Controlled Foreign Companies: Taxation of Foreign Income (1992) and co-author of Interests in Non-Resident Trusts: A Review of Conflicting Regimes (1997). Lee has authored many papers and articles on international tax and has advised Treasury and the Board of Taxation on the reform of Australia's anti-deferral regimes. Lee was the 2007 recipient of the Graham Hill Award for contribution to the Australian tax profession. - Current at 02 January 2012
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Prof Richard Krever
Richard works in Taxation Law and Policy Research Institute, Monash University. - Current at 01 March 2011
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