IFSA presses tax case
Richard Gilbert
The Investment and Financial Services Association (IFSA) will seek to use a Federal Government review of Australian tax treaty arrangements to press its claims for a tax regime more conducive to financial services exports.
The chief executive of IFSA, Richard Gilbert, said tax treaties were critical to giving Australia a strong, competitive international position and on that basis the review of the treaty arrangements was highly welcome.
He said the call by the assistant treasurer, Chris Bowen, for submissions on the issue suggested the Government was committed to bolstering Australia’s position as a financial services centre in the Asian region.
“IFSA will lodge a submission that will include several sound proposals to assist in growing Australia as a global financial services hub,” Gilbert said.
“Our proposals, if adopted, will result in better outcomes for both Australian and non-resident investors and particularly for the greater utilisation of Australian funds management, life insurance and related services,” he said.
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Mike Taylor
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