In the days leading up to the release of the Government’s response to the Henry Review into the Future of Australia’s Tax System, the review was predicted to herald sweeping changes to almost every aspect of taxation from individual tax returns to a resolution to the ongoing tensions between State and Federal taxes.
The reality? The reforms released at the beginning of May are only part of the picture and focus exclusively on resource, company and small business taxation.
Click here to download a concise explanation of the tax review, and contact GTH Accounting for further advice.