Published on 12 Nov 99
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
On 21 September 1999 the Government's announced response to the Ralph Report (Review of Business Taxation - A Tax System Redesigned, July 1999). The package contained a number of surprises for individual investors, small business and business generally. Perhaps the biggest surprise is the 50% concession for individuals together with the extension of the 50% goodwill exemption to all active assets.