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16 Nov 12 Government Overreaches with Anti-Avoidance Tax Changes

The Government's proposed changes to the general anti-avoidance rule in the income tax law are an overreaction to recent court cases, said The Tax Institute today.

"The Government's proposed sweeping changes to the general anti-avoidance rules in the income tax law will increase taxpayer uncertainty and negatively affect already dwindling business sentiment," said Tax Institute Senior Tax Counsel, Robert Jeremenko.

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