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ATO mulls changes for 'confusing' CGT system

The ATO has floated the idea of a simpler approach to elements of capital gains tax (CGT) in an effort to minimise what is currently a huge amount of “unnecessary and confusing clutter.”

ATO mulls changes for 'confusing' CGT system
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Speaking at the Tax Institute and the Australian Tax Research Foundation 2017 forum, ATO second commissioner Andrew Mills said a simple principled approach to CGT events would bring about flexibility in dealing with changing world and emerging practices.

Read the full article on Accountants Daily.

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