Division 7A reform – quit the ‘band-aid’ approach – and go ‘back to the future’ (the 2014 future)
Key News Summary – there is growing momentum to leave the October 2018 Consultation Paper approach, to reforming ‘Division 7A’, in favour of something more sensible – including reverting to the approach suggested by the Board of Taxation, in its 2014 Report. The Tax Institute said that in their opinion, the Government’s approach in…