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Showing posts from January, 2013

Uncertain times ahead for tax reform

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Welcome to the first blog post for 2013. I hope that all members had a restful time over the Christmas/New Year period.

Politically, this year carries with it the uncertainty of a Federal election. In terms of the Parliament and the timeframe for its legislative program, this means that there will likely be fewer sitting days in which to debate and pass many important tax measures.

This makes it all the more important for the Government to ensure that the plethora of announced but unenacted tax measures is dealt with as a priority.

The Tax Institute has led on this issue and we have ensured that the Assistant Treasurer has been made well aware of members' concerns. Our strong advocacy has resulted in a joint meeting between the Minister and the professional bodies to discuss prioritising some of the outstanding measures. The Minister's early response has been positive and we welcome his attempts to move some of the backlog.

Unfortunately, in the race to balance the Budget over …