Published on 31 Dec 97
by THE TAX INSTITUTE
In this Submission by the Bodies express their concern that the rewrite of the capital gains tax ("CGT") provisions contained in the Tax Law Improvement Bill (No. 2) 1997 represents a lost opportunity. It is a lost opportunity because it fails to address the many technical and other issues identified by the Tax Law Improvement ("TLIP") team and by the Bodies in their earlier comprehensive Joint Submission to the TLIP made during the course of the rewrite.