Published on 01 Jun 06
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The restrictive views expressed by the Commissioner of Taxation in Ruling TR 2006/2 and the accompanying Guide has encouraged the restructure of professional partnership practices (Firms) into companies (Incorporated Practices) or partnerships of trusts to permit winding-up of Phillips service trust arrangements whilst retaining protection of the wealth generated by Firms and flexible taxation advantages.
Current at 15 June 2011
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