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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Finance, Investment, Market Moves more

Australia plans tax changes to lure Islamic investors

Posted on 14 October 2010

From Theaustralian.com.au: Australia’s push to prepare its taxation system for a hoped-for influx of Islamic investment went a stage further yesterday. Dick Warburton, chairman of the federal government-appointed Board of Taxation, publishing a paper on the tax treatment of Islamic finance, banking and insurance products.
Mr Warburton’s announcement yesterday follows last year’s report by former Macquarie Bank deputy chairman Mark Johnson, which specifically requested an overhaul of how Islamic investment in Australia is taxed……………………………………….Full Article: Source

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