Senate debates Tax Laws Amendment (2008 Measures No. 4) Bill 2008

In Committee


David Bushby

David Bushby Tasmania, Liberal Party

10:47 am

Is the government supportive of the principle that the entity that incurs the loss should enjoy the taxation benefits of that loss? Does the government support the principle that that special concession for family trusts should continue to apply? If so, is the government of the opinion that the FTE rules, or family trust election rules, which basically give effect to the special concession should be so composed as to allow the special concession to operate properly?

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