Dan Hodgson reviews the report which recommends a re-focusing of tax residency rules.
The Board of Taxation has now released the report on reform of the individual tax residency rules that it provided to the Federal Government in March this year.
The Board has concluded that the tax legislation requires improvement and simplification in order to adequately address twenty-first century social and employment circumstances. According to the Board, its proposals would provide greater certainty for taxpayers by re-focusing the tax residency rules in three ways:
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