Published on 11 Oct 12
by VICTORIAN DIVISION, THE TAX INSTITUTE
The government has announced its intention to reform the tax loss provisions. This paper examines the difficulties of using the current provisions, the proposed reforms and examine areas where further reforms are required.
The paper covers:
- loss carry backs
- changes to continuity of ownership and same business tests
- what should we do with the integrity rules?
- announced but yet un-enacted measures – Div 167
- the not-so-hidden costs of the proposed reforms.
Michelle is an Account Director at Deloitte. Current at 13 November 2012
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Gary is a Partner in Deloitte's National Tax area. Gary has responsibility for the provision of technical support and the ongoing development of its training program, key tax updates, alerts and guidance materials. Prior to Deloitte, Gary was a technical director with Pitcher Partners, providing technical training, advice and support in respect of income tax issues likely to impact the SME market.
Current at 31 July 2007 Current at 05 August 2007
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