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Consolidation - We have the new law! What does it mean? paper


Ten years into the consolidation regime, the tax cost setting rules have changed with retrospective effect. There are also changes to the TOFA stages 3 and 4 interaction rules. This paper concentrates on issues of vital importance to corporate taxpayers and their advisers, and covers:

  • practical issues in dealing with retrospective amendments
  • what is left to claim: contracts, intangibles and consumables
  • the business acquisition model and future acquisitions
  • the TOFA–consolidation interfact
  • the impacts for SMEs
  • the Board of Taxation’s post-implementation review.

Author profile

Richard Czerwik FTI
Richard is an Executive Director with the EY Tax Centre for Excellence. Richard focuses on the identification and analysis of new developments and new issues for the EY tax practice and its clients. He has been heavily involved in business tax reform developments and has participated in various consultation forums with the Treasury, the ATO and professional bodies. He is currently a member of The Tax Institute’s Victorian Education Committee and its National Education Committee. - Current at 03 July 2014
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This was presented at 51st Victorian State Convention .

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Individual sessions

Resolving tax disputes

Author(s):  Michael Bearman

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Transfer pricing: The ATO perspective

Author(s):  Michael JENKINS

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Family trusts and the family court

Author(s):  Geoffrey DICKSON

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The new Part IVA - Clarification or extension?

Author(s):  Simon STEWARD

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Cases review

Author(s):  Jerome TSE

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The new transfer pricing rule

Author(s):  Michael SELTH

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Reportable tax positions

Author(s):  Judy MORRIS

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