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Pending legislation: what are the implications and how will it work?
Given the string of announcements over the last four years relating to the tax consolidation regime, it can be extremely difficult to identify potential impacts of each of these announced measures and to track their current state of play. This article comprehensively addresses 29 consolidation related Government announcements where legislation has yet to be introduced into Parliament and highlights the potential relevance and importance of each of these measures.
Leaving a consolidated group - separation without tears
A member or subgroup can exit a consolidated group in various circumstances, sometimes unanticipated. The consequences of exit are significant, under the consolidation, CGT and other tax rules. Some of the issues are unclear or are subject to government announcements not yet legislated. In this paper Tony Stolarek reviews the issues and the traps, identifying actions which groups should take, including the need to develop tax positions on unresolved issues, pending legislation or further ATO clarification.
Buying and selling a company - consolidation due diligence issues and trends: vendor issues
Tax consolidation has fundamentally altered the corporate income tax environment, and has a significant impact on M&A transactions. This paper provides an overview of relevant tax consolidation considerations for a vendor consolidated group disposing of a subsidiary member.
Up until now, papers outlining tax consolidation issues have focused primarily on those occurring to larger corporate groups. The following paper highlights many of the issues faced by SME groups under the tax consolidation regime, and has been written with the intention of seeking change from both ATO and Treasury.
We've made some changes to our website. You will need to reset your password to access your account, access online books, purchase items from our online shop, or download papers from the Tax Knowledge eXchange.