Published on 01 Apr 99
by THE TAX INSTITUTE
PREFACE: This submission in response to Discussion Paper 2 is the product of the National and State Technical Committees of the Taxation Institute of Australia. It contains comment on policy and principle and, in many instances, comment on technical detail. It constitutes a basis for further ongoing consultation with relevant government agencies to ensure optimum policy and technical outcomes in the reform of business taxation. The strategies adopted to introduce the reforms addressed by the Review are of paramount concern to the Institute. Many of the issues and options raised involve radical conceptual changes to the current law . Any new framework to accommodate such changes ought to be preceded by exhaustive and inclusive consultation with all professional bodies concerned.