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The Ralph Report: transition to entity taxation: a return to classical taxation?

Published on 01 Nov 99 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The Government's terms of reference to the Ralph Committee's Review of Business Taxation (RBT) imposed one significant constraint on reforms to be recommended to Australia's taxation system -"revenue neutrality". The author suggests, in time, it will be appreciated that the RBT recommendations are not "revenue neutral" for most Australian taxpayers. The basic premise of the new entity taxation regime proposed in the RBT final report is that all commercial entities are within the taxing net, unless a Collective Investment Vehicle (CIV), and "excluded trust", or a partnership or sole trader.

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Author Photo - Damien Lockie CTA-Life
Dr Damien Lockie CTA-Life
Dr Damien Lockie, FTIA (Life), is a Barrister-at-Law at the Victorian Bar and an Adjunct Professor of Law at Bond University. Dual qualified in law and accounting, Damien has over 30 years experience as a Solicitor, Accountant and advocate specialising in property and environmental laws and federal and state revenue laws. Current at 01 March 2012 Click here to expand/collapse more articles by Damien L LOCKIE.
 
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