Published on 01 Apr 10
by "THE TAX SPECIALIST" JOURNAL ARTICLE
Sharia compliant, or Islamic, financing has been said to hold great potential for Australia in terms of wealth and job creation and as a means of accessing offshore capital pools. In order for these financing techniques to develop here, the uncertainty and complexity in tax treatment will need to be addressed. This article provides a description of some Islamic financing structures, observations on the Australian tax issues posed by these structures and how tax issues with these structures have been addressed in the UK.
Peter is a partner with Coudert Brothers in Sydney
Current at April 2005
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John is a Partner with Norton Rose.
Current at 1 April 2010