Over time, there has been a perceptible movement towards recognition that it is the individual circumstances of the taxpayer, rather than wider issues of possible use, which should be the basis of the deduction entitlement. So, for the individual the self assessment option will be the essential part of their tax compliance obligations. This is a paper presentation.
There are many similarities between finance and investment products and this is especially so in the way the Australian Taxation Office currently views them. Their similarities however promote a taxation product development point of view that is quite different. The essential key to the development and success of financial products is tax benefit transfer whilst the key to investment product from a taxation stance is much broader concentrating on the particular form of the transaction and the taxation benefits that flow from the form of the investment transactions. This is a paper.
The major focus of this paper is an overview of the general state of progress in relation to the Tax Reform measures; the consideration of some improvements which are clearly warranted in the implementation process of tax reform; to identify some of the issues arising as the consolidation measures become clearer in their significance; and to make observations about the tax value method.