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27 Nov 09 On the proposal to abolish personal tax returns

MEMBER 39 writes:

"I’ve been in practice for 30 years (get a life!) and have heard the proposal to cancel personal tax returns many times. If it ever happens, it will be many years away, as pre-filling only partly works at this stage - many managed investments, private companies and private trusts are currently not reporting in a timely fashion, or not at all. And some occupations with high work related expenses who opt out will be worse off by a long way."

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