Budget proposal 'ambushes' self-managed super funds

Article Abstract:

A new Australian budget proposal would change the use of private unit trusts. Self-managed super funds would be forced to dispose of almost all property unit trust holdings. These self-managed funds allow members to establish private unit trusts that borrow to buy assets the individuals could not afford.

Public Finance Activities, Budget Process, Budget, Budgeting, Budgets

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In for the kill: the tax office is launching a final assault on avoidance schemes, but promoters are not going down without a fight

Article Abstract:

Moves by the Australian tax office to eliminate aggressive tax planning are discussed. These moves include a more coordinated way of drafting tax law to scale down the chances of loopholes that create opportunities for tax schemes.

Cover Story, Tax planning, Tax policy

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