Published on 14 Mar 12
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
- what is a fraudulent phoenix transaction?
- the director's dilemma
- the limitations of the liquidator’s tools - The uncommercial transaction
- extinguishing the phoenix's fire with taxation reform
- bankruptcy and capital gains tax
- insolvency practitioner liability for GST - The PM developments case and subsequent amending legislation.