New Tax Legislation In 2012
Listen to a Preview
Update Required
To play the media you will need to either update your browser to a recent version or update your Flash plugin.
  Running Time: 6:24 Date: 01/03/2012 New legislation on the taxation of trusts is likely to be introduced this year - 4 options have been suggested Taxation law is a constantly changing landscape - and never seems to get less complex, despite attempts to simplify it. Tax expert Michael Jones, of Cummings Flavel McCormack, says the taxation of trusts is likely to come in for legislative attention this year, with submissions now in on a number of options outlined late last year. Tax treatment of losses may also be reformed, which he says would be a welcome move for business, as may the taxation of earnouts when a business is sold. Company tax rates could also come in for scrutiny, amid pressure to bring them close to our Asia-Pacific neighbours. Topics: Accounting & Tax |
 Michael Jones, Cummings Flavel McCormack |