Published on 20 Jun 97
by THE TAX INSTITUTE
This Joint Submission on behalf the Professional and Business Bodies (the Parties) named in the Attachment is in response to the Issues Paper on the Taxation of Financial Arrangements (TOFA) released by the Secretary to the Treasury and by the Commissioner of Taxation in December 1996.
The Issues Paper (IP) seeks comment on a number of specific matters raised in the IP in respect of proposals now put forward as the prosed approach in relation to the reform of the TOFA.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
ASSOCIATION OF CORPORATE TREASURERS
AUSTRALIAN SOCIETY OF CERTIFIED PRACTISING ACCOUNTANTS
TAX POLICY & RESEARCH DIVISION
AUSTRALIA TAXPAYERS' ASSOCIATION