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| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
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| Australian Government Receives Henry Future Tax Review |
by Mary Swire, Tax-News.com, Hong Kong
Monday, December 28, 2009
Australia’s Treasurer, Wayne Swan, has confirmed that, as expected, he
has received the report on Australia's Future Tax System, produced by the review
panel led by Ken Henry.
During the 18-month inquiry, the panel received around 1,500 formal submissions
and over 4,700 letters, and the review team participated in discussion forums
held throughout Australia.
The Treasurer announced that the report will lay the foundations for a
long-term plan for reform, to make Australia’s tax and transfer systems
fairer, simpler and more competitive. As the government has been saying for
some time, it will consider the review and release it in early 2010, along with
an initial response.
Last month, in a speech, Swan explained that he expected the report to provide
a 10-year plan for reform.
He predicted that the government’s response to the
review's recommendations would be in various forms, but suggested that there may be some things
that could be done immediately, or at least that the consultation and development process could be launched immediately on.
At that time, he reflected on the unfairness of the current superannuation
system, and also looked forward to a simpler tax and transfer system. Company
taxes were also flagged up as being on the review’s radar.
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