The Resource Getting money out of SME companies

Getting money out of SME companies

Label
Getting money out of SME companies
Title
Getting money out of SME companies
Creator
Subject
Language
eng
Summary
It is a common expectation that wealth accumulated in small and medium-sized enterprises (SMEs) will pass to its proprietors and their families. Because companies are taxed at a lower rate of tax than many individuals, it is legitimate to ensure that money which has been accumulated as a result of a preferential tax rate cannot be enjoyed by the owners or their associates without the requisite make-up tax being paid. There is, however, also a need to ensure that tax law conforms to commercial structures and practices, and is comprehensible to taxpayers. This article examines in detail the taxation regime that affects the ability of SME proprietors to release money from their companies. The author concludes that the present combination of complex integrity provisions and legislative concepts which are either counter-intuitive or simply incomprehensible to business people means that the costs of compliance for SMEs have increased and will continue to increase
Citation source
In: Taxation in Australia. - Sydney. - Vol. 47 (2012),
http://library.link/vocab/creatorName
Riordan, T
Language note
English
http://library.link/vocab/subjectName
  • SME
  • tax policy
Label
Getting money out of SME companies
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...