Tax Office ruling on franking distributions issued just in time
25 Jul 12 |
CCH TAX WEEK
Issue: Issue 18 13 July 2012
Pages: pp 1-5
The Tax Office has recently released it's final tax ruling (TR 2012/5) setting out the circumstances in which the Tax Office considers that a franked distribution may be made by a company. The position adopted is broadly consistent with it's previous draft ruling, with additional clarification on the areas of uncertainty raised during the consultation process.
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Karen was appointed Inspector-General of Taxation & Taxation Ombudsman commencing on 6 May 2019. She leads the Taxation Ombudsman complaints management service for taxpayers and advisers and the Inspector-General of Taxation’s review and public reporting function, both of which are directed at improving the tax administration system for all taxpayers. Karen was previously a Member of the Board of Taxation as well as the inaugural Chief Executive Officer of the Board of Taxation. She was formerly a partner with MinterEllison, specialising in corporate and international tax for mergers and acquisitions, and capital raising for the financial services, mining, energy, and utilities sectors. She brings a wealth of experience and extensive networks to the role of Inspector-General having worked with a range of government and private stakeholders as well as the legal and tax profession, and many industry bodies.
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23 February 2020