Aspects of the Debt and Equity Tests
01 Jun 04 |
JOURNAL OF AUSTRALIAN TAXATION
Issue: Vol 7 no 1
Pages: pp. 72 - 93
This article discusses issues surrounding the operation of the debt and equity tests. These tests seek to distinguish debt from equity for certain purposes of the income system by reference to the life of relevant instrument and whether the instrument provides contingent and non-contingent returns.
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Paul is a Partner in the
Corporate Tax group of PwC in
Melbourne and has over 30 years
experience advising local and
international clients on income
- Current at
29 May 2019