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What Can We Expect From The Coalition?

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Running Time: 8:21

Date: 01/10/2013

The new Federal Government has some tax changes on its agenda, and not just in the carbon and mining resources areas.

The Liberal-National coalition promised a reduction in the company tax rate in the lead-up to the September 7 election but - says Michael Jones of Cummings Flavel McCormack - it won't take effect until July 1, 2015 and, while it will benefit businesses, will make no difference to the tax shareholders pay on dividends. Also taking effect on July 1, 2015, the new government's parental leave scheme, which has attracted considerable criticism on the ground that it's over-generous.

  

Topics: Accounting & Tax, Financial Management, Investment


Michael Jones, Cummings Flavel McCormack