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Forestry tax concessions under review
11 Sep 2006
Federal cabinet will consider restrictions on tax deductions for investment in plantation forests undertaken through managed investment schemes. Cabinet may widen the review to include other agribusiness schemes that offer investors big tax deductions, such as in avocados and olive oil. Farmers have attacked the schemes, saying they create a new class of absentee landowners seeking to avoid tax who drive up the price of land and water.
The Australian, 11/09/06
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