Published on 01 Oct 06
by "THE TAX SPECIALIST" JOURNAL ARTICLE
The last decade has seen the introduction of a variety of measures intended to address specific examples of gains on liabilities, let alone the long-awaited TOFA measures. This paper provides a summary of the current landscape and puts the case for true reform over further incrementalism, namely the replacement of the existing web of measures with a simple and comprehensive system for the taxation of liabilities.
Jeremy is a Partner in KPMG’s Tax Practice, with approximately 15 years experience in the financial services
sector, and general and life insurance in particular, and has advised on most of the major industry transactions of the last
decade. Jeremy has been heavily involved in industry consultation on tax consolidation and is a frequent speaker on both
industry issues and tax consolidation more broadly. Jeremy is a member of the IFSA Life Insurance Taxation Working Group, as
well as being Chair of the Taxation Institute’s NSW Technical Committee.
Current at 9 February 2009 Current at 14 May 2009
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