Business Tax Working Group - Final Report on the Tax Treatment of Losses

The Working Group has now completed its final report on the tax treatment of business losses.

The Working Group considers that loss carry back would be a worthwhile reform in the near term. However, the Working Group has not had an opportunity to explore the relative net-benefit of loss carry back compared with other business tax reforms. The Working Group also recommends that the Government undertake further work to develop a model for reforming the same business test. The Working Group considers that further analysis and consultation is required before any conclusions can be drawn on possible savings options to fund reforms to the tax treatment of losses.