Investing: taxman to rule on the pros, and the cons

Article Abstract:

The Australian tax office is introducing a new system of public product rulings. The new ruling system enables the tax commissioner to publicly announce whether the "tax benefits" that scheme promoters offer are actually available. Australian investors will have a greater degree of confidence about the tax benefits and whether these operators and advisers are telling the truth about their products.

Reports, Investments, Tax benefit rule

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Tax moves, now the votes are in

Article Abstract:

Victory of the coalition government in Australian politics will bring some good news to tax payers in the form of reduced capital gains assessments. Investors will still be able to sell assets acquired before September 20, 1985 without tax impediments. Still, tax policy must be negotiated as the government cannot afford to loose its tax base and their revenue benefits.

Coalition governments

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