Stapled structures package

Treasury has released a package providing details of the Government’s plan to address the sustainability and tax integrity risks posed by stapled structures and limit the concessions currently available to foreign investors deriving passive income.

The Government’s concerns have been driven by findings that over recent years a growing number of taxpayers have sought to re-characterise trading income into more favourably taxed passive income through the misuse of the managed investment trust (MIT) regime.

…To find out more about the key elements of the package that might affect you and bring your business under pressure…please come and talk to Tax Ideas Accountants & Advisers…

Tel: (02) 8318 1545

Posted in News & Events, Tax Updates.