The Federal Government has a large backlog of measures from the previous government, and new tax imperatives to support business and economic policies. This paper covers the current and likely tax work program of government and discuss tax policy experiences in the first six months of the new government. Topics covered include:
- the unlegislated policies of the previous government including TOFA 1 and 2 adjustments, TOFA 3 and 4 and the many unresolved consolidation issues
- policies unveiled before the election, including tax reform of managed funds
- policies announced since the election, including scrip takeover rules
- the tax consultation directions of the new government
- Budget 2008 developments
- business tax changes which can be expected, including international tax reform, off-market share buy-backs and what's left of the 1936 Act
- tax competitiveness for Australia in 2008.