Allowance for Corporate Equity - What Does it Mean for Corporate Australia?
21 May 2012
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One of the most surprising announcements from last year's Tax Forum was the proposal to commission a study of an Allowance for Corporate Equity. ACE would represent a major shift in corporate tax, potentially relieving many thousands of companies from tax - and driving up Australia's corporate tax rate beyond 40%! ACE is much more than tinkering!
This ½ day seminar will examine what an ACE could mean for Australia: what it is hoped an ACE would achieve, how it is meant to work, where the fault lines are to be found, what still remains unsettled in the basic design, who would win and who would lose under the policy and why. We will also examine how ACE works in the countries that currently employ it.
The keynote speaker will be Malcolm Gammie CBE, QC, a leading tax barrister from the UK, and the principal author of the seminal 1991 Institute Fiscal Studies report, Equity for Companies: A Corporation Tax for the 1990s.
Malcolm Gammie CBE, QC, is a leading tax barrister in the UK and a former tax partner at Linklaters & Paines, London. He was the principal author of the seminal 1991 Institute Fiscal Studies report, Equity for Companies: A Corporation Tax for the 1990s. He was a member of the Mirrlees Review, the UK's Henry review. Malcolm Gammie is an Adjunct Professor at Sydney Law School and a Greenwoods and Freehills visitor at the Law School in 2012.
Graeme Cooper is Professor of Taxation Law at Sydney University Law School and a Consultant to Greenwoods & Freehills.
9:00 - 9:15 Registration
9:15 - 10:15 Key Design Features of ACE. Malcolm Gammie
10:15 - 10:45 Morning tea
10:45 - 11:45 The Experience of Countries with ACE, and Some Issues for Australia. Graeme Cooper
11:45 - 12:30 Round table - What Next for Australia
Lawyers/barristers: attendance at this seminar is equal to2.75 MCLE/CPD units.
Time: 9am - 12.30pm
Cost: $110 (incl GST)
Contact: Nancy Carrasco
Phone: 02 9351 0282