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Tax treatment of liabilities – The unexplored parallel universe paper

Published on 12 Mar 09 by NATIONAL DIVISION, THE TAX INSTITUTE

To date, the focus of our tax system has been on transactions involving assets, with only limited attention being given to liabilities. Recent legislative developments are addressing this imbalance, albeit in a piecemeal fashion. This paper deals with:

  • ambiguities raised by the way in which the tax system has traditionally dealt with liabilities
  • how liabilities alter tax outcomes on asset and entity acquisition transactions
  • the proposed TOFA treatment of liabilities
  • options for a more consistent tax treatment of liabilities.

Author profiles:

Enzo COIA
Current at 21 May 2009 Click here to expand/collapse more articles by Enzo COIA.
 
Andrew DE WIJN
Andrew is a Senior Associate with Greenwoods & Freehills.
Current at 11 March 2009 Current at 01 April 2009 Click here to expand/collapse more articles by Andrew DE WIJN.

Author Photo - Ken SPENCE
Ken SPENCE
Current at 21 May 2009 Click here to expand/collapse more articles by Ken SPENCE.

 

This was presented at 24th National Convention 2009 .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Justice Hill Memorial Lecture - Statutory interpretation

Author(s):  Murray GLEESON

Materials from this session:










The new R&D tax concession

Author(s):  David GELB,  Paul VAN BERGEN

Materials from this session:










Transfer Pricing: Applying the arm’s length principle in a world without comparables

Author(s):  Marc SIMPSON

Materials from this session:


Long live the goose - Recent cases dealing with tax concession charities

Author(s):  Jennifer BATROUNEY

Materials from this session:

Further details about this event:

 

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