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The Taxation Institute was represented by Richard Gelski (Johnson Winter and Slattery) at the meeting of the Foreign Source Income Subcommittee (FSIS) of the National Tax Liaison Group (NTLG) held in Canberra on Monday 15 May 2006. The agenda for the meeting covered a broad range of issues touching on areas such as managed funds, foreign income exemptions, and hybrid entities.  FSIS also now carries responsibility for dealing with thin capitalisation issues.

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