n Tax Breaks Newsletter - Australia scraps 28% of tax legislation

Volume 2006, Issue 244
  • ISSN :



Extracted from text ... THE NEED to simplify South Africa's tax legislation has long been acknowledged by the SA Revenue Service and has been the subject of much discussion over the years. But while we've caught the occasional glimpse of a clearer style of draftsmanship in recent tax amendments, the bulk of the Income Tax Act and other tax legislation is virtually incomprehensible to all except tax professionals. PricewaterhouseCooper's Synopsis says that it was, therefore, interesting to see that the Australian Federal Treasurer announced in December 2005 his government's intention to undertake the most extensive overhaul of tax law in Australian history in an ..

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