20 Apr 12 The Tax Institute in the media
The Tax Institute was quoted on Monday 16 April 2012 in the Australian Financial Review: ‘Makeshift haven for mine tax breaks’ regarding the Business Tax Working Group's report on losses. In the article, we highlight the need for proper, open, public consultation to occur on the proposed offsetting savings measures.
We were also quoted on 16 April 2012 by Smart Company: ‘Too little, too late: Experts slam tax working group’s recommendation to let small business offset tax paid against future losses’ regarding carry back losses.’
We also had extensive radio coverage on Friday 13 April 2012 on ABC radio and ABC NewsRadio regarding the Business Tax Working Group's report. We were also quoted on the AAP Newswires.
The Australian extensively reported our Budget submission on Wednesday 18 April 2012: ‘Fear retro tax rules will hit honest Joes’.
On the same day, Tax Counsel Deepti Paton ATIA was interviewed on ABC TV Breakfast and I was interviewed on ABC radio about our Budget submission.
We were also quoted on Wednesday 18 April 2012 by Smart Company: ‘Experts warn Government on retrospective tax rules in Federal Budget after four changes in a year catch unwary taxpayers out’ regarding The Tax Institutes Budget Submission.
The Australian Financial Review quoted us on Thursday 19 April 2012: ‘Tax draft released’ regarding the exposure draft of the consolidation/RTFI laws. In the article we describe it as a continuation of the whole sorry retrospectivity saga.