17 Jun 099 Government's Forward Work Program for Tax MeasuresIn a media release issued on 17 June 2009, the Assistant Treasurer, Senator Nick Sherry, announced the release of the Government's updated forward tax work program, which outlines the consultation process for announced tax measures and highlights remaining measures to be introduced in the 2009 Winter Parliamentary sittings.
"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