The Treasury Minister has made it clear that he has no intention to introduce a capital gains tax following the removal of the attribution regime for individuals.
ARI will be abolished after tomorrow.
Although there will be no capital gains tax a Tax Liason Committee have been working with the Treasury to look into the areas of practice that remain unclear, in relation to the taxation of corporate distributions.
Treasury Minister Eddie Teare has said it is now important they demonstrate to current and potential investors how company distributions will be taxed in various situations.
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