Foreign income tax cuts on way.

Australasian Business Intelligence, January, 2010

Byline: John Kehoe

Jan 06, 2010 (The Australian Financial Review – ABIX via COMTEX) — The Australian Government has released a consultation paper on proposed changes to controlled foreign company rules. The modernisation of foreign income laws will allow companies with overseas operations to mainly avoid Australian tax on passive income. Tax experts are divided on whether the proposals will increase Australia’s appeal as a location for regional holding companies.

Publication Date: 7 January 2010

 AUSTRALIA.  DEPT OF THE TREASURY ERNST AND YOUNG GRANT THORNTON
AUSTRALIA BALAZS LAZANAS AND WELCH LLP AUSTRALIA.  BOARD OF TAXATION

Copyright 2010 LexisNexis Australia. All Rights Reserved