 |
|
|
 |
|
|
|
|
New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
| |
| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
|
 |
| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
|
| 24/02 Lowtax
Cyprus, annual update
|
| 22/02 Lowtax
Brunei, annual update
|
| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
|
| 15/02 Lowtax
Australia,
major content expansion
|
| 27/01 Lowtax
Germany, major content expansion
|
| |
|
| |
| Lowtax Network Sites |
| Lowtax 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. |
| 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. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| |
|
|
| ICA Calls For Different Approach To Australian Budget Tax Changes |
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, February 02, 2010
In its 2010-11 pre-budget submissions, Australia’s Institute of Chartered
Accountants (ICA) has called on the government to overhaul its budget consultation
processes, by making policy-only announcements in relation to tax when announcing
the budget.
The ICA’s Tax Counsel, Yasser El-Ansary, said: “Some
of the tax changes announced as part of last year’s federal budget resulted
in significant disruption to the activities of many Australian businesses, and
jeopardised the remuneration structures of many employees across Australia.
What we would like to see is an alternative approach formalised and adopted
by the government to safeguard the stability of Australia’s tax system
at a critical time in fiscal planning for the year ahead.”
It is believed that the ICA is referring, in particular, to the government’s
announcement in the 2009-10 budget of changes to the tax treatment of employee
share schemes. Subsequently, the government had to address the concerns expressed
by stakeholders, resulting in further legislation which was not finalised until
October last year.
Mr El-Ansary added this would mean that budget announcements would become more
about the government’s desire to modify the underlying policy in a particular
area, rather than the detail of how the laws will actually be changed. “Well-established
protocols exist to undertake consultation on tax policy matters during the course
of the year, and a similar approach should be adopted on tax policy matters
dealt with in the context of the federal budget,” he said.
The ICA has also made a number of recommendations regarding tax and superannuation
policy, including a revamp of the tax laws that apply to private companies and
a review of the government’s recent policy announcements in relation to
the research and development tax regime.
The Institute is calling for reform of the superannuation excess contributions
tax, which imposes extreme penalties for those who breach the contributions
caps, and the abolition of tax laws that deny deductions, in certain situations,
for taxpayers who make personal superannuation contributions in addition to
employer contributions. The objective would be to create a level playing field
for all employees, regardless of their salary sacrifice or work arrangements.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
