| From Moneymanagement.com.au: The Board of Taxation is calling for submissions to its discussion paper on the tax treatment of Islamic finance, banking and insurance products. The Board undertook a review of Australia’s tax laws in April to ensure that the law does not inhibit the expansion of Islamic finance, banking and insurance products.
This week the Board released a discussion paper considering Australian’s finance taxation framework, issues raised regarding Australia’s current approach to finance taxation and how the taxation of Islamic finance, banking and products was approached internationally..............................................Full Article: Source
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