[503] Case never stronger for overhaul of FBT, says ICAA.

Australasian Business Intelligence, March, 2006

Byline: Terry Hayes

Mar 31, 2006 (Weekly Tax Bulletin - ABIX via COMTEX) -- Continued budget surpluses give the Australian Government the opportunity to

reform fringe benefits tax (FBT). This is according to a report prepared jointly by the Institute of Chartered Accountants of Australia (ICAA) and Professor Neil Warren, of the University of New South Wales, and released in March 2006. The report makes three main recommendations, including that

taxation of fringe benefits become the responsibility of the employee rather than the employer, and that all benefits be valued at cost.

Publication Date: 24 March 2006

 
THE INSTITUTE OF CHARTERED...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.