Treasurer Scott Morrison has defended tax changes announced in the May budget which will accommodate overseas sovereign wealth funds operating under Sharia law.
Campaigning in Mandurah with Canning MP Andrew Hastie, Mr Morrison said the changes, which would allow Islamic financing transactions to be treated as loans for Australian tax purposes, were not intended to benefit investors from any particular country.
But five of the top 10 sovereign wealth funds in the world, including Kuwait’s and Saudi Arabia’s, operate under Sharia compliant financing arrangements and avoid buying Australian assets because it costs them too much in tax to borrow from Australian banks.
The changes announced in the budget will remove this impediment.
“We changed the asset backed financing arrangements which have nothing to do with Sharia law, it’s about trying to have more flexible financing arrangements…
readmore>>
theherald, first appeared on Mandurah Mail
Vind ik leuk:
Vind-ik-leuk Laden...
Gerelateerd
Gepubliceerd door Zeepertje
When you're scared of jumping, you'll never get anywhere...
I'm a Kafir, a crusader against the most evil ideology islam. I have in depth knowledge and that's the reason I resist and reject islam, I will bash and smash it, in every possible way at every possible moment to every possible person.
I gather and therefore expose all news on islam or islam-related news on the 2017 initiated site ZEEPERTJE.COM
Please join and feel free to react.
Fight islam for it's the evil of our time, evil trying to dominate and kill democracy, kill all freedom of speech and freedom of religion... Islam means annihilation of all that is non-islamic, AND the proces of islamization is, together with the promotion of the leftist "progressive" behaviour (like transgender /multiculti /mass-migration /interrace-marriage promotion and therefore destruction of Western (family) values) the blower on the machine called Zionism. The total submission/destruction of the Goyim/Kafir so Human Kind!
Just always remember this!
Alle berichten van Zeepertje weergeven
Campaigning in Mandurah with Canning MP Andrew Hastie, Mr Morrison said the changes, which would allow Islamic financing transactions to be treated as loans for Australian tax purposes, were not intended to benefit investors from any particular country.
Zeepertje.com - Facts Fun & News on ISLAM, "The religion of peace" 