Published on 30 Sep 09
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
The use of trusts as vehicles to carry on small and medium size businesses and as investment vehicles has expanded rapidly since the demise of the Ralph Report recommendations on trusts. Mooted changes never made it past the discussion stage and trusts, in all forms, were once again recognized as a flexible, tax effective and relatively cheap vehicle to be utilized in particular circumstances. A growth in tax litigation has also arisen in recent years and one senses that the Taxation authorities and taxpayers are testing the boundaries of tax trust law.
This paper examines developments in some of these areas.
Syd joined Moore Stephens in 1987 after 14 years with the Australian Taxation Office. Since joining the firm he has overseen the taxation advice provided by the firm, and supervised the taxation compliance functions. Syd has a Commerce Degree from the University of Western Australia, a Graduate Diploma in Business Law from Curtin University and a Masters Degree in Taxation from the University of NSW.
Current at 14 May 2008
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