OZschwitz: Extortionist tax rulings deter investors

THE nation's ability to fund billions of dollars in much-needed infrastructure is under threat because of tax rulings designed to crack down on private equity raiders, the Treasurer Wayne Swan has been warned.

The Australia Japan Business Co-operation Committee, chaired by the Government's infrastructure adviser, Rod Eddington, has called on Mr Swan to resolve uncertainties created by draft tax rulings that could cause foreign investors to delay or defer support for projects.

A letter from the committee to Mr Swan, obtained by the Herald, says that unless the tax status of foreign infrastructure investors is clarified, significant work to attract $US20,000 billion ($21,647 billion) in Japanese funds could go to waste.

LNK

OZschwitz: Extortionist tax rulings deter investors

OZschwitz: Extortionist tax rulings deter investors

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