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Tuesday, June 02, 2009
Australia: ATO Targets Trusts In Tax Crackdown
This was the headline for the main story in the Australian Financial Review on Monday 18 May 2009.The article was triggered as a result of the issue by the ATO of a draft Practice Statement (DPS) in relation to the determination and taxation of trust income.
The approach suggested in the draft Practice Statement is not as draconian as suggested in the Financial Review article, but it does reflect a significant change in approach by the ATO. Go to Mondaq.com for full story.
posted by Charles Monat Associates at 8:52 AM
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