"The publication of a forward work program was a key recommendation of the Tax Design Review Panel's report Better Tax Design and Implementation," Senator Sherry said.
Examples of important projects detailed on the forward work program include:
- improving the Integrity of Prescribed Private Funds;
- increasing the R&D Expenditure cap for the existing R&D tax offset;
- introducing a new secrecy regime to standardise the tax secrecy laws in a single piece of legislation; and
- providing funding for an optional clearinghouse service to make superannuation compliance easier for small business.
For a copy of the forward tax work program, go here