The proposal for a "root and branch" review of Australia's tax system first emerged from the Prime Minister's "2020 Summit" in April, and was then re-announced in the May Budget.

The committee selected by the Treasurer to undertake this review, now called Australia's Future Tax System Review ("the Review"), released its first paper on 6 August 2008.  The paper is a weighty work - it is well over 300 pages - and so the attached newsletter examines its main focus and broad thrust.

Your TAXAND contact for further queries is:

Simon Clark (Sydney)
T. +61 2 9225 5957
E. simon.clark@gf.com.au