The Tax Institute’s 27th National Convention was mentioned in the Australian Financial Review on Tuesday 20 March “Swan’s address failed on policy”
The Tax Institute was extensively quoted in the Australian Financial Review on Monday 19 March: “Tax change threat to foreign investors” with respect to the Government's release of draft laws to change the transfer pricing rules from 2004. Our comments centre on the retrospectivity of the changes and the uncertainty that they cause for business. The Tax Institute says the move was another in an extremely concerning trend in recent months of the government retrospectively changing the tax law. Retrospective changes in tax law are likely to interfere with bargains struck between taxpayers who have made every effort to comply with the prevailing law at the time of their agreement.
On Thursday 22 March, The Tax Institute was mentioned in the Australian Financial Review: “Diesel slug looms in tax cut deal”. In the article, The Tax Institute says it would be really refreshing if the government were to have a look again at a much more holistic reform and have a look at how we can reform the whole fuel tax area and consider a congestion charge. The government should revisit such recommendations made by the Henry panel, including having a structured road user model where money raised would funnel directly to road infrastructure, rather than going into consolidated revenue. The money raised could allow the lowering of motor vehicle registration fees and scrapping of stamp duty on cars.