12 Nov 10 Taxation Institute in the media
The Taxation Institute was quoted in the Australian Financial Review on Monday 8 November 2010 (page 5) "Concern over ban on trust streaming". In the article, we called on the Government to grasp the opportunity to rewrite the trust income provisions of the tax law as part of their ongoing reform process, as recommended by the Henry review.
The Taxation Institute was also quoted in the Australian Financial Review on Thursday 11 November 2010 (page 8) "More flexible ATO threatens budget bottom line". In the article we note that the more lenient approach of the ATO in recent years has been welcome and what we are seeing in the latest Budget figures is a return to a more normal pattern of the ATO's compliance approach.
With respect to the High Court's Anstis decision, I was interviewed on Thursday 11 November 2010 on ABC radio's PM Program (click here to listen or read the transcript) and also by ABC radio news in both Sydney and Melbourne (please refer to this week's Preamble for further details as to the discussion). On Friday 12 November 2010 the Taxation Institute was widely quoted in the press on this issue in papers including: the Australian Financial Review (page 14) "High Court ruling gives students a $360 million tax break"; The Australian (page 1) "Tell ‘em they're dreaming, Dad: student beats ATO in High Court"; ABC online news; AAP wire services; the Daily Telegraph; and related News Limited papers including online at News.com.au. I also conducted further media interviews on Friday 12 November: including with Leon Delaney on radio 2SM (and its syndicated stations nationally) as well as on camera interviews with Channel 10 news and Channel 7 news.
We were also quoted in the Australian Financial Review on Friday 12 November regarding tax reform and the need for details of the tax summit, as well as our consultations on the Minerals Resource Rent Tax (p16) "Call for more consultative tax reform".