Published on 13 Mar 09
by NATIONAL DIVISION, THE TAX INSTITUTE
You have heard the theory of this long awaited tax reform. Now consider what it really means to taxpayers outside of the financial institutions. This paper practically analyses the provisions, covering issues such as:
- the potential benefits of the various accounting elections
- timing impacts/characterisation impacts
- unexpected complexity
- how to prepare
- when you need to decide and what you need to do.