The Henry Tax Review

What will it mean for the Financial Services industry?

We are pleased to provide a perspective for the financial services industry of what Henry may have in store for the industry. The government has confirmed that it will release the final report from the Henry tax review, together with the government's response, before the federal budget on the 11 May 2010. It is widely expected that the FS industry will be directly affected by a number of the proposals, generally favourably.

We see the following seven key changes affecting the industry:
  • Annuities/longevity
  • Australia as a financial centre
  • Corporate tax rate
  • Savings and investments
  • State taxes
  • Superannuation
  • Withholding tax at source on investment income.
Will these changes affect your business favourably or unfavourably?

To download the Henry Tax Review publication [PDF 102 KB] please submit the following form.

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