In summary, the Taxation Institute's position is that the legislation released in exposure draft form needs further work. It is hoped this work is undertaken before the Bill is introduced into Parliament. In its current form the Bill is difficult to interpret, uses some terms inconsistently and contains potential flaws of application. The introduction of safe harbour rules would also reduce the administrative burdens imposed by the proposed legislation on employers and employees.
Income tax
Employee share schemes
Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009
Published Date: 1 Sep 2009
Details
- Published By:Taxation Institute Of Australia
- Published On:1 Sep 2009
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Income tax
Employee share schemes
Share this page