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Is Australia becoming a sovereign tax risk? presentation

Published on 02 May 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

How on earth did Australia become a country with sovereign risk concerns? We have gone from a position of being a strong, safe democracy with a reliable (if expensive) tax system, to being viewed as increasingly expensive for investment due to the myriad of “boutique taxes” being introduced – not to mention the additional costs to comply and understand these taxes.

David Russell, QC, CTA (Life) looks at the impact of recent tax policy changes and the ongoing uncertainty on the attractiveness of Australia as an investment destination, including the impact of:

  • retrospective legislation
  • unknown legislative rules
  • inappropriate considerations being taken into account in legislative policy
  • impact of the mining tax and the carbon tax on existing long-term investments.

Author profile:

Author Photo - David Russell CTA-Life
David Russell CTA-Life
David commenced legal practice in 1974. He is admitted to practise in Australia, England and Wales (Lincoln’s Inn), the Courts of the Dubai International Financial Centre, New York (as a Legal Consultant), New Zealand and Papua New Guinea. He was appointed Queen’s Counsel in 1986. David has acted for Commonwealth and State Governments as well as individuals and corporations and was the President of The Tax Institute from 1993 to 1995. Current at 01 October 2014 Click here to expand/collapse more articles by David RUSSELL.
 

This was presented at 46th South Australian Convention.

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SME risk differentiation framework

Author(s):  Scott BRYANT,  Michael CRANSTON

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