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The Government’s corporate tax agenda: 2008 Federal Budget announcements

Published on 12 Jun 2008 | Took place at RACV Club, Melbourne, VIC

From a corporate tax perspective, the 2008 Federal Budget revitalised a number of proposals that had been initially announced by the previous Government but in the interim had become “inactive”.

Given that some of these revitalised measures will have retrospective application back over a number of years, it is important that corporate tax advisers now fully understand the risks and opportunities these measures present.

This event gave an opportunity for attendees to undertand the implications of these revitalised measures.

Get a 20% discount when you buy all the items from this event.

Individual sessions

The scrip for scrip announcement

Author(s):  Alexis KOKKINOS

This presentation focuses on the long-awaited scrip-for-scrip announcement which has changed substantially from the October 2007 initial proposal of the prior Government. There are a number of very important issues that need to be considered when examining scrip-for-scrip arrangements in the context of this new integrity rule, including:

  • the arrangements that are targeted, and the implications of the "net asset" criteria used to identify impacted arrangements;
  • how the rules are expected to operate in the case of part cash/part scrip takeovers, creeping acquisitions, and acquisitions involving multi-tiered acquirers;
  • the proposed cost base and tax consolidation interactions.
Materials from this session:

Taxation of rights and selected 2008 Federal budget measures

Author(s):  Martin FRY

This presentation examines the most important of the other prior Government announcements that are to be revitalised, including some key corporate measures relating to:

  • tax consolidation and asset step-ups;
  • tax losses and COT testing;
  • FX gains and losses; and
  • thin capitalisation.
Materials from this session: