Though Australian tax advisers and fund managers have made positive noises about long-awaited amendments to the managed investment trust (MIT) tax regime, they say the government still needs to fine-tune some aspects, including treatment of limited partnerships and multi-class trusts, before the Bill is introduced to Parliament later this year.
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KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal