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International Law
: Australian Regulatory Compliance ReviewTax law changes design
The Assistant Treasurer and Minister for Competition and Consumer Policy, Chris Bowen MP, has released the Tax Design Review Panel's report Better Tax Design and Implementation.
The report makes 26 recommendations that propose significant changes to existing processes for tax design including consultation before tax law changes. The Government accepts in principle all the recommendations in the report.
The panel also recommends that tax changes be introduced within 12 months of announcement and 6 months for retrospective measures.
Full post as published by Australian Regulatory Compliance Review on August 21, 2008 (boomark / email).
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