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.
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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