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.
Current at 17 June 2009
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