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Joint professional body submission in relation to TD 2005/D32

Published on 16 Sep 05 by THE TAX INSTITUTE

A joint professional body submission on the draft tax determination TD 2005/D32 - Income Tax: can an Australian incorporated subsidiary of a foreign group which records the results of it worldwide business in a foreign currency, choose to use that foreign  currency as its 'applicable functional currency', where it prepares financial statements in Australian dollars for statutory reporting purposes?

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CPA AUSTRALIA


 
TAXPAYERS AUSTRALIA INC



TAXATION INSTITUTE OF AUSTRALIA

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NATIONAL INSTITUTE OF ACCOUNTANTS



ICAA

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