19 Mar 099 Minister to release Discussion Paper on extra-statutory concessions by Commissioner
In a luncheon address to the Taxation Institute's 24th National Convention held in Sydney, New South Wales, on 13 March 2009, the Assistant Treasurer, Chris Bowen, announced that he would be releasing a Discussion Paper later this year in relation to the Tax Design Review Panel's recommendation that the Government consider whether it should empower the Commissioner, in appropriate circumstances, to modify tax laws to give relief to taxpayers (called "extra-statutory concessions"), or whether the Commissioner could provide such concessions in a better way.
The Taxation Institute commented on the proposal in a media release issued on 13 March 2009.
For a copy of Mr Bowen's address to the Taxation Institute, go here.
For a copy of the Taxation Institute's media release, 13 March 2009, go here.