Confusion vs simplicity

Article Abstract:

The managed funds industry is working with the Australian tax office and other government authorities to develop a standardized format for annual tax statements sent to unit trust investors by fund managers, the goal being to make it easier to complete tax returns. Complex legislation in the capital gains tax (CGT) area has made it difficult for fund managers and investors, but this situation is expected to improve. Statements from four of the largest retail fund managers are considered.

Tax Law, Personal Financial Mgmt, Unit Trusts (Oil, etc), Other Financial Vehicles, Mutual Fund Mgmt Companies, Portfolio Management, Trusts, Planning, Personal finance, Unit investment trusts, Mutual funds, Mutual fund industry, Australia. Australian Taxation Office

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CGT backflip: who wins?

Article Abstract:

United States capital gains tax laws are discussed in relation to how they apply to Australian investors. US-based mutual funds are usually structured as companies, not as trusts, and therefore are taxed fully. US-based fund which are structured as trusts are also discussed.

United States, Investment Companies, Open-End Investment Funds, Personal Taxes-Capital Gains, Foreign investments, Taxation, International aspects, Column, Personal income tax, Capital gains tax

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