Henry inquiry into taxation and the report recommendation
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Henry inquiry into taxation and the report recommendation

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Short excerpt:

Henry inquiry into taxation covers a number of tax related issues. One such issue has been deducting of full taxes as suggested by certain industry organisations stating that such a move would encourage and increase trust between financial advisors and their clients. The current issue on deduction of taxes has emerged because tax is deducted from commission-based financial advice but fee-for-service advice is tax-free, which smacks of partiality with commission-based financial advisory providers (Papandrea, 2010).

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