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Islamic financing paper


This paper covers:

  • Australian tax implications of common Islamic financing products
  • what tax reform is needed to level the playing field?

Author profile:

Biagio Testa CTA
Bill is a Partner in the specialist Financial Services Tax Group of PwC, Sydney. He has over 25 years experience in providing taxation services to the financial services industry and is currently responsible for a portfolio of banks, fund managers and other financial services clients. He has extensive knowledge of the financial services industry and related tax issues, including Islamic finance structures and their tax treatment. Bill has also been involved in liaising between the industry and the ATO/ Treasury on tax reform issues relevant to financial services, including Islamic finance. Current at 30 September 2011 Click here to expand/collapse more articles by Bill TESTA.

This was presented at 2012 Financial Services Taxation Conference.

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