Business Services Industry
Tax change will hit revenue.(Brief Article)
Australasian Business Intelligence, April, 2005 by Buffini, Fiona
Apr 03, 2005 (The Australian Financial Review - ABIX via COMTEX)
Australian Government revenue may decline because of changes to corporate taxation. A review of business taxation recommended that tax consolidation would simplify the tax system. It allows a group of companies to be treated as a single taxpayer. However, Professor Bob Deutsch, of the University of New South Wales, said that the new rules could lead to lower revenue. The Australian Taxation Office said that it is reviewing the benefits of the legislation to see if there are unintended consequences.
Publication Date: 4 April 2005
AUSTRALIAN TAXATION OFFICE:
UNIVERSITY OF NEW SOUTH WALES
By Fiona Buffini
All copyright subsisting under the Copyright Act 1968...
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