Published on 01 Jun 08
by "THE TAX SPECIALIST" JOURNAL ARTICLE
A greater understanding of the increasing influence of the Islamic business sector is required by Australian practitioners. This paper explores primary factors that distinguish Islamic from conventional finance including: how Australian income tax law impacts on typical Islamic transactions like debt/equity issues, home finance and private investment; the inherent differences between Muslim-owned and Australian-owned businesses; and access to business concessions to create fairness.
Ash is a Partner at Chotais Chartered Accountants and has in
excess of fifteen years experience in the provision of tax and
business advice to small and medium enterprises and high net
wealth persons. His areas of interest include CGT, GST and
business and asset structuring. Ash holds a Masters degree in
Commerce and is the Chair of the Queensland State Council of the
Taxation Institute of Australia.
Current at 17 November 2008
Click here to expand/collapse more articles by Ash CHOTAI.