Announcements
PUBLISHED 14 January 2002

Mass-marketed tax schemes: issues paper released for comment

An issues paper published here invites comment on suggested law changes to deal with mass-marketed tax schemes. The schemes in question can result in investors receiving more in tax deductions than they invest, regardless of a scheme's economic success. The issues paper has been prepared by officials from the Policy Advice Division and the Treasury as part of the tax policy development process. It seeks public views on the suggested changes before officials make any recommendations to the government on the matter. Submissions close on 22 February.