Taxation confusion reigns

DAVID Shirlow says he is confused. What hope is there for those of us who are not the technical services associate director for Macquarie Funds Management?

And what is confusing him?

The new “Responsible Entity Taxation Regime” is causing some of the confusion.

To be fair to him, it is not the content of the legislation that is causing the confusion.

That arises from the political machinations that have occurred since the time of the announcement of the legislation and now. In an address to financial planners in Perth, David outlines some of the rules that should apply if the legislation goes through as it was intended or was announced.

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