Skip to main content
shopping_cart

Your shopping cart is empty

Fact or fiction? A sustainable tax transparent form for closely held businesses in Australia

Published on 01 Oct 09 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Currently a comprehensive review is being undertaken of the Australian tax system (the Henry Review). One of the potential reforms to be considered by the Henry Review is a proposal by the Institute of Chartered Accountants Australia and Deloitte for the introduction of a tax transparent company (the ICAA proposal). The ICAA proposal argues that tax transparency applying to closely held corporations and unit trusts will reduce their compliance burden and facilitate an enhanced tax system for micro-enterprises. If the claims made in the ICAA proposal are accurate, it could be contended that a tax transparent company provides a more sustainable tax system for closely held businesses in Australia.

Author profile:

Author Photo - Brett FREUDENBERG
Brett FREUDENBERG

Click here to expand/collapse more articles by Brett FREUDENBERG.
 

 

Copyright Statement