CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.

 

Australia Promised Full Debate On Tax Review

by Mary Swire, Tax-News.com, Hong Kong
15 March 2010

Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

The government received the tax review at the end of last year, and said that it would consider the review for release early in 2010, along with an initial official response. The review, it had said, would lay the foundations for a 10-year plan for reform. Its release has also been widely anticipated as it has caused uncertainty in some areas, particularly in the mineral resources sector where there has been speculation of an increase in mining taxation.

However, earlier this month, following the announcement of the government’s far-reaching health and hospital reforms, the Prime Minister, Kevin Rudd, was reported as saying that he was now too involved and busy also to complete the details of the government’s reaction to the tax review, and that there was no target date for its release.

Various parties, however, continued to call for its early release, if only to allay the speculation about its contents and about which of its recommendations will eventually be taken up by the government. It seems that, under pressure, the government has had to react.

In fact, in a radio interview, Wayne Swan confirmed that, while the government was still pursuing its evaluation process, the tax review and the government’s initial response would be published “in plenty of time for a full public discussion about all of the issues raised.”

On being pressed on timing, he added that: “There will be plenty of time to discuss the review of the independent tax committee. There will be a full public debate in this country before the election.”

.

 



Treaty Updates by Territory

Latest Treaty Updates

Kenya - Portugal
18/7/2018

On July 10, 2018, officials from Kenya and Portugal signed a DTA.


San Marino - United Arab Emirates
18/7/2018

On July 11, 2018, San Marino and the United Arab Emirates signed a DTA.


United Arab Emirates - Various
26/6/2018

The UAE's Cabinet on June 13, 2018, approved DTAs signed with Saudi Arabia, Rwanda, and Turkmenistan.


Morocco - Azerbaijan
26/6/2018

A law to ratify the Azerbaijan-Morocco DTA was tabled before Morocco's Cabinet on June 14, 2018.


Qatar - Argentina
26/6/2018

Qatar's Government on June 14, 2018, confirmed that it had completed its domestic ratification procedures in respect of a DTA signed with Argentina.


Ukraine - United Kingdom
26/6/2018

Ukraine's Cabinet on June 6, 2018, approved a law to ratify a DTA Protocol signed with the United Kingdom.


Luxembourg - Vietnam
25/6/2018

Luxembourg and Vietnam agreed to continue negotiations towards a DTA Protocol at a June 15 meeting.


Sweden - Switzerland
25/6/2018

Sweden's Parliament on June 7, 2018, approved an amendment to the country's DTA with Switzerland to clarify the scope of the term pension fund in the agreement.


Switzerland - Various
11/6/2018

Switzerland's lower house of Parliament on May 29, 2018, approved DTAs with Kosovo and Pakistan.


Morocco - Congo, Republic of the
11/6/2018

The Moroccan Government has approved for ratification a DTA with the Republic of the Congo, it announced on May 29, 2018.


Argentina - Brazil
11/6/2018

Argentina has approved a protocol to its DTA with Brazil, the Argentinian Official Gazette reported on May 23, 2018.


Brazil - Norway
7/6/2018

Brazil's upper house of Parliament on May 30, 2018, approved a protocol updating the DTA with Norway.


Hong Kong - Finland
7/6/2018

Hong Kong and Finland on May 24, 2018, signed a DTA.


Russia - Japan
7/6/2018

Legislation ratifying a new DTA between Russia and Japan was submitted to the Russian State Assembly (the Duma) for approval on May 22, 2018.


Vietnam - Macau
30/5/2018

Vietnam and Macau signed a DTA on April 16, according to a statement released by the Vietnamese Ministry of Finance on May 11, 2018.


Jordan - Switzerland
30/5/2018

Talks are continuing on a DTA between Jordan and Switzerland, according to a statement released by Jordan's Foreign Ministry on May 14, 2018.


Czech Republic - Ghana
29/5/2018

The Czech Senate approved a law to ratify the DTA with Ghana on May 17, 2018.


Philippines - Various
29/5/2018

The Philippines-Thailand DTA entered into force on March 5, and the Philippines' DTA with Sri Lanka on March 14, the Filipino tax agency announced on May 17, 2018. They will be effective from January 1, 2019.


Jordan - Luxembourg
24/5/2018

Jordan's Minister of Planning and International Cooperation met with Luxembourg's Finance Minister to discuss enhanced cooperation between the two countries in a number of areas and agreed to seek to conclude a DTA.


Uzbekistan - Lithuania
24/5/2018

Uzbekistan and Lithuania are to engage in talks towards a DTA, Uzbekistan's state news agency reported May 9, 2018.


Georgia - Saudi Arabia
24/5/2018

Two Georgian committees approved the text of a DTA with Saudi Arabia and forwarded it for ratification, according to a May 17 announcement on the Georgian parliament's website.


Hong Kong - Saudi Arabia
23/5/2018

Hong Kong gazetted an order to ratify its DTA with Saudi Arabia on May 18, 2018.


Turkey - Afghanistan
23/5/2018

Talks are continuing on a DTA between Turkey and Afghanistan, according to a statement released by Turkey's Ministry of the Interior on May 11, 2018.


Finland - Spain
23/5/2018

A new DTA between Finland and Spain will enter into force in January 2019, according to a May 18, 2018, announcement from the Finnish tax authority.


Andorra - Cyprus
22/5/2018

Andorra and Cyprus have signed a DTA, Andorra's Government announced on May 18, 2018.




More Treaty Updates