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The Capital Revenue Debate and the Managed Funds Review
Published on 01 Apr 09 by "THE TAX SPECIALIST" JOURNAL ARTICLE
This article is a reproduction of a paper delivered at the Taxation Institute 2009 Financial Services Conference. The paper has a particular focus on the capital-income debate surrounding Managed Investment Trusts. It concludes that trusts should be considered differently to investment companies. The paper also summarises some of the submissions to the Board of Taxation’s Managed Investment Trust Review. Finally, the paper looks at some aspects of the interplay between that Review and the new TOFA regime.
Author profile
Andrew Mills CTA-Life
Andrew Mills, CTA (Life), is the Second
Commissioner, Law Design & Practice,
from the Australian Taxation Office, has
overall responsibility for the ATO’s law
practice, including law interpretation,
dispute prevention and resolution,
and the ATO’s role in policy and law
design. Andrew has more than 30
years experience in taxation, including
periods in the ATO, commerce and the
tax profession. Andrew was a Director
at Greenwoods & Freehills for more
than 20 years and managing director
of the firm from 2006 to 2011. Andrew
was President of The Tax Institute in
2006–2007 and is a former Governor
of the Taxation Research Foundation.
In practice, Andrew was an active
participant and representative of a
number of industry bodies. Andrew
holds a Bachelor of Business, a Master
of Laws and a Graduate Diploma
in Tax Law. Andrew is a Chartered
Taxation Adviser (Life), a member
of the Australian Committee of the
International Fiscal Association and a
graduate of the Australian Institute of
Company Directors.
- Current at
02 November 2018
