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Thin capitalisation

Publication date: 01 Jan 01 | Source: INVESTMENT & TAXATION BULLETIN

Issue: Vol 5, no 3

Pages: pp.29-33, 40

This article outlines the new rules on thin capitalisation as set out in a new bill, which will have serious potential consequences for a foreigner operating a business within Australia or an Australian operating a business offshore where interest is claimed against Australian assessable income.

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Author profile

Prof Bob Deutsch CTA
Bob is Senior Tax Counsel at The Tax Institute. Bob was until very recently the Deputy President of the Administrative Appeals Tribunal (AAT), and for over 20 years was a Professor in Taxation Law with the University of New South Wales. Bob specialises in taxation matters, with a special emphasis on international tax. His time with the AAT required extensive involvement in corporate law, social security and immigration matters. He also has experience as a solicitor with a major national law firm, as an independent barrister and as a director with a major accounting firm. He has written widely in his fields of specialisation as well as in the area of financial statements, and is an ongoing contributor to the highly successful Thomson Reuters Australian Tax Handbook. - Current at 04 March 2020
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