The Tax Institute was quoted in Smart Company on Monday 12 December 2011: “Tax working group purposes more ways for businesses to use tax losses, but experts wary”. The article relates to the Business Tax Reform Working Group’s interim report on the tax treatment of losses. The Tax Institute says the options paper doesn't mention the elephant in the room, which is what businesses will have to give up to obtain the benefit of reform to the treatment of tax losses. To view the article, click here.
The Tax Institute was quoted in the Australian Financial Review on Tuesday 13 December 2011: “Arbib says he’s up for it”. The article relates to Senator Mark Arbib’s appointment as Assistant Treasurer and the many tax challenges he faces. The Tax Institute says a key task for Senator Arbib would be to oversee the work of the Business Tax Reform Working Group (which is due to produce its final report on the tax treatment of losses in March).
Discussions at The Tax Institute’s Consolidation Symposium (which was held on Monday 12 December) were extensively covered in the Australian Financial Review on Tuesday 13 December: “Businesses cry foul at revised tax laws”.