The Tax Institute was quoted in the Australian Financial Review, Business Spectator, NineMSN http://finance.ninemsn.com.au/newsbusiness/aap/8351025/tax-institute-seeks-tax-reform-commission, CFO World and Trading Room, on Friday 23 September 2011: "Tax Institute calls for independent reform advisory board" in relation to our press release on our Tax Forum statement of priorities.
On the same issue, Smart Company mentions The Tax Institute on Tuesday 27 September 2011: "Tax Forum: 10 ways to build a better tax system". To view the article, click here.
We were also quoted in The Australian on Tuesday 27 September 2011: "Tax-break row looms over carbon scheme in west". The article relates to the interaction of the carbon price package with resource taxes.
The Australian Financial Review mentioned The Tax Institute on Wednesday 28 September 2011: "Call to take slice of bank profits" in relation to tax reform and the exclusion of GST.
The Australian Financial Review quoted The Tax Institute on Wednesday 28 September 2011 "Carry-back tax breaks in the frame" in relation to an anticipated announcement by the federal government in relation to the carry-back of revenue losses by companies. It is anticipated that this measure will be raised for discussion by the government at next week's Tax Forum. In the article we note that while this measure will lend businesses a helping hand especially in the current economic climate, we would have liked to have seen a wider range of reform measures being discussed ahead of the forum, such as the repeal of inefficient state taxes and reform of the transfer system.
On the same issue, Smart Company quoted The Tax Institute on Tuesday 27 September 2011: "Government set to help SMEs with new tax loss carry back rule". To view the article, click here.
On 29 September 2011 the Tax Institute is quoted with respect to the Roy Morgan High Court decision that affirmed the validity of the Super Guarantee Charge; please see The Australian Financial Review: "Court backs super penalty" and The Australian. We comment on the importance of the decision for the super system in Australia. The case is a significant win for the Government, because the Super Guarantee Charge is the only government sanction that ensures that an employer pays super for an employee. Some $260million a year is collected by the SGC, so a loss would have seen the Tax Office having to refund amounts of SGC paid right back until 1992.