Aussie Bankers Wary Of Tax Change Fallout

13 Jun 2008

Australian dealers are concerned recent tax changes may hit structured product sales and lead to firms pushing different types of structures.

--Harry Thompson

Australian dealers are concerned recent tax changes may hit structured product sales and lead to firms pushing different types of structures. The changes, effective May 13, reduce the tax deductible on capital-protected margin loans. Market watchers estimate that these loans for equities account for about AUS3 billion ...

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