The following article is about the proposed new legislative regime for tax agents' services. As proposed, this regime contains some improvements that correct a number of deficiencies that exist with the current system, but also raises a number of concerns for tax agents.
The SCCs last meeting was in early June 2007 and Taxpayers Australia was represented by Michael Perry. This meeting focused on the Tax Office providing progress reports on Better Super. Many of the communications flagged as nearing completion have now been released.
On 26 June 2007 the Minister for Revenue and Assistant Treasurer, Peter Dutton, announced amendments to the income tax law to restore the long'“standing taxation treatment of rights issues.
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