Published on 27 May 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The Federal Government has a large backlog of measures from the previous government, and new tax imperatives to support business and economic policies. This paper covers the current and likely tax work program of government and discuss tax policy experiences in the first six months of the new government. Topics covered include:
the unlegislated policies of the previous government including TOFA 1 and 2 adjustments, TOFA 3 and 4 and the many unresolved consolidation issues
policies unveiled before the election, including tax reform of managed funds
policies announced since the election, including scrip takeover rules
the tax consultation directions of the new government
Budget 2008 developments
business tax changes which can be expected, including international tax reform, off-market share buy-backs and what's left of the 1936 Act
tax competitiveness for Australia in 2008.
Tony is a Partner in the Ernst & Young National Tax Group and has been involved with tax consolidation since
its creation emerging from the Ralph RBT. Tony was a member of the Tax Consolidation Joint Design team of Treasury, ATO
and professionals, and remains a member of the NTLG Consolidation Subcommittee and various working groups dealing with
consolidation practice, emerging law and ATO compliance initiatives for consolidating groups. Tony is a member of the ICAA
National Tax Technical Committee and chairs it’s Consolidation Working Group. Current at 9 February 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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