There's plenty going on down under

Article Abstract:

Superannuation, which started at 4% of salary in 1992 but is destined to peak at 9% in 2002, is one of the biggest development in Australian economic policies. A move to introduce legislation aimed at making employers offer additional funds for additional superannuation benefits to employees is currently stalled in Parliament. Tax reform is another important issue in the country because of the introduction of a durable tax structure that is supposed to provide a more neutral system of tax collection without damaging the existing framework.

Australia, Economic Programs, Administration of Economic Programs, Wage Administration NEC, Economic policy, Compensation management, Tax reform, Employee benefits

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Pension fund pooling vehicles - a revolution in scheme management?

Article Abstract:

New tax policies in the UK are expected to revolutionize pension fund management with the creation of a pension fund pooling vehicle (PFPV). PFPV is equivalent to a unit trust or a unitized common investment fund. Foreign operators will be allowed to invest in the UK, subject to the same tax policies as their domestic market. International business enterprises, in the long run, will be better able to control pension fund management of their overseas operations.

Administration of General Economic Programs, Foreign Investment Regulations, United Kingdom, Pension funds, Mutual funds, Tax policy, Foreign investment laws

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Scary IRS proposals affecting foreign trusts: USA

Article Abstract:

The IRS proposed new rules on domestic and foreign employee benefit trusts. Domestic employee trusts are denied grantor trust status thereby allowing the taxation of employees benefiting from a non-qualified trust. The same rules also apply for foreign trusts although the earnings of trusts created by US employers, controlled firms and foreign partnerships will be subject to a tax based on funds in excess of the Projected Benefit Obligation.

Taxation, Trusts and trustees, Trustees, Trusts (Law), United States. Internal Revenue Service

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