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'Flurry of amended tax returns' loom, government warned

The government’s handling of changes related to the corporate tax rate is an example of “how not to develop policy” and will likely mean significant amendments to tax returns and documentation in the coming months, according to one association.

'Flurry of amended tax returns' loom, government warned
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  • Shared by AccountantsDaily
  • October 20, 2017
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The Tax Institute’ senior tax counsel Professor Bob Deutsch has labelled Wednesday’s announcement of a new bill clarifying the government’s stand on companies eligible for the lower company tax rate as an incomplete policy outcome and warned of a “flurry of amended tax returns”.

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