The fate of goodwill after Ralph
01 Sep 00 |
JOURNAL OF AUSTRALIAN TAXATION
Issue: Vol 3, issue 5
This article takes stock of the position of goodwill in the taxation system after Ralph reforms, and identifies a continuing role for goodwill as an asset subject to capital gains tax, especially in relation to the active asset requirement of the new capital gains tax concessions for small business. It also considers goodwill in light of stamp duty and GST.
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Prof Michael Walpole is Head of the School of Taxation and Business Law (including Atax) at UNSW Business School. Prior to academic life, Michael was variously a Tax Consultant with Ernst & Young, and was in private practice as a legal practitioner. Michael has authored and co-authored several books, including Proposals for the Reform of the Taxation of Goodwill, Understanding Taxation Law, and Compliance Cost Control. Michael has also written and presented many papers on his research topics to practitioner and academic audiences in Australia and overseas. He is the editor of the Australian Tax Forum and is an International Research Fellow at the Oxford University Centre for Business Tax in the Said Business School, University of Oxford. He has been a visiting Professor at the OECD’s Centre for Tax Policy and Administration and remains involved in its work on GST/VAT.
- Current at
23 January 2018