Published on 12 Sep 03
by VICTORIAN DIVISION, THE TAX INSTITUTE
It is not often that a new principle is introduced into tax law. The value shifting rules formally embeds the arms
length pricing principal into domestic transactions for tax purposes. This paper explains and illustrates the impact of these important rules, covering:
- an overview of the general value shifting rules (GVSR)
- conditions for rules to apply
- exemptions from the rules
- illustrations of practical impact of GVSR and adjustments required.
John is a Specialist Tax Consultant to Horwath North Queensland and has previously held positions as Chairman of the Horwath Australia Tax Practice, Senior Tax Partner of Horwath Melbourne, and a Tax Partner with a Big 4 practice in Melbourne. John has practised extensively in Asia, living and working in each of Jakarta, Hong Kong and Singapore. He currently practises principally with high net worth individuals and the SME market with Horwath North Queensland.
- Current at
27 February 2007