Published on 15 Feb 00
by QUEENSLAND DIVISION, THE TAX INSTITUTE
The proposal that entities which offer their ultimate proprietors some limit on liabilities should be taxed in a manner akin to the taxation of companies and limited partnerships, suggested in the Ralph Review, was endorsed by the Federal Government in both its Stage 1 and Stage 2 responses to the Ralph recommendations. This paper examines the background of the entity taxation system proposals, outlines the key concepts underlying consistent entity taxation - and how they relate to one another - and defines some of the terminology that relates to entity taxation.
Mark is a Queen’s Counsel with chambers in Brisbane and Sydney. He has appeared in many cases concerning the issue of purpose Australia-wide for taxpayers and for the Commissioner.
- Current at
29 November 2017