In the balance

Article Abstract:

The interest rates on capital protected equity products for a one-year term of 20% and upwards are considered by the Government as a revenue drain. In a Press Release, the Treasurer announced that the Income Tax Assessment Act 1997 would be amended to ensure that part of the expense on capital protected products would be attributed to the capital protection feature.

Author: Smith, Karen
Publisher: Institute of Chartered Accountants of Australia
Publication Name: CA Charter
Subject: Business
ISSN: 1446-4543
Year: 2003
Public Finance Activities, Interest Rates, Property Taxes, Analysis, Property tax

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Dealing around the globe

Article Abstract:

A lot is happening on the international tax front including the Australian Government's Budget announcement on reforms, new rules for foreign currency gains and losses and the U.S. Protocol. An update of the changing Australian tax environment in regard to international dealing is given.

Author: Smith, Karen
Publisher: Institute of Chartered Accountants of Australia
Publication Name: CA Charter
Subject: Business
ISSN: 1446-4543
Year: 2003
Administration of General Economic Programs, Taxes, Foreign Exchange & Reserves Policy, Foreign exchange, Tax policy

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Subjects list: Australia, Laws, regulations and rules, Government regulation
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