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Tax treatment of liabilities: The unexplored parallel universe presentation

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 presentation 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 profile:

Ken SPENCE

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.

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The new R&D tax concession

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

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Author(s):  Jennifer BATROUNEY

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Further details about this event:

 

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