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Need for a blackhole tax regime: KPMG

THERE is a need for a general blackhole and rights regime to provide taxpayers with certainty and a sense of equity in the tax system, whilst meeting the fiscal needs of the government, Rod Henderson, KPMG tax partner and the national leader of KPMG's Energy and Natural Resources Tax Group, said.

Greg Tubby
Need for a blackhole tax regime: KPMG

"Ideally, such a regime would ensure that most business expenditures, depending on their nature, are deductible either immediately or over time, with perhaps a select list of items which might remain non-deductible...

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