A taxation bill tabled in Parliament this afternoon introduces measures announced in Budget 2010, including lower tax rates for individuals, businesses and savers, a rise in the GST rate, and changes to the investment property rules. In addition to the measures in the bill, Budget 2010 announced changes to reform the rules around loss attributing qualifying companies (LAQCs).
For more detailed information about the changes in the bill, including the RIS, our special report, \”Guide to the tax changes proposed in the Taxation (Budget Measures) Bill\” and the LAQCs issues paper \”Qualifying
companies: implementation of flow-through tax treatment\” see: