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More legislation by media

The Government needs to get its act together over tax legislation - instead of rolling out tax law as a series of media releases, Opposition Revenue Spokesperson Annabel Young said today.

"Hardly a week goes by without the Government coming up with another piece of tax legislation. They're addicted to legisating tax law by press release.

"There doesn't seem to be any coherency in the Government's approach to tax law.

"Today's announcement of the revival of anti-avoidance measures, follows last week's announcement of a superannuation withdrawal tax and changes to the treatment of trusts, companies and partnerships , and the previous week's fringe benefit tax changes.

"Why in this latest change is the Government legislating retrospectively from today - when the law has been around since 1994?

"And what about the tax scams between 1994 and today - what guarantees are there that they haven't fallen through the gap?

"The Revenue Minister needs to sit down and take a long hard look at what he is doing with our tax laws so we can have some clarity about what the Government is doing."

Ends


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