23 Apr 1010 Taxation Institute in the mediaI was interviewed by ABCNewsRadio and Triple M on Friday, 16 April 2010 to discuss speculation that the Government's will adopt a Henry review proposal to concessionally tax bank account savings interest. The key messages in both interviews were that we will have to wait to see details of the announcement, but if the speculation is correct, a tax measure to encourage saving in this way is welcomed; super is concessionally taxed, which is good, and interest earned on savings should also have some measure of encouragement; encouraging savings for mums and dads and the kids is a good thing; it also helps with domestic funding of bank balance sheets - less foreign borrowings, better for stability of the Australian economy.
As discussed above, the Taxation Institute issued a media release on Friday, 16 April 2010 on the Government's announcement of the Inspector-General of Taxation review into the ATO Change Program. I was interviewed by 2UE and 2SM radio to discuss the Taxation Institute's views. The review was welcomed, however, called on the ATO to fix the problems. To view the media release, click here. We were also quoted in the Australian Financial Review on Tuesday, 20 April 2010 "Glitches prompt probe into ATO system upgrade".
I also conducted an interview with community radio 2SER on Tuesday, 20 April 2010 to discuss Henry review speculation regarding the charitable sector, particularly FBT concessions and the impact of their possible removal. Key messages included: the Taxation Institute would not want any changes in this area to adversely impact the good work of the charitable sector.