Henry slaps down FTS in favour of cash rebates

JUNIOR exploration companies won’t see a flow-through shares scheme under a federal Labor government after the Henry Tax Review slapped down the idea, saying “there are no strong grounds to believe that exploration generates unusually large positive spill-overs that would justify a subsidy”.

Henry slaps down FTS in favour of cash rebates Henry slaps down FTS in favour of cash rebates Henry slaps down FTS in favour of cash rebates Henry slaps down FTS in favour of cash rebates Henry slaps down FTS in favour of cash rebates

The review said that, while current taxation arrangements created a bias against smaller explorers, a flow-through share proposal would “over-correct the bias”, and recommended against the idea.