Published on 01 Aug 06
by "THE TAX SPECIALIST" JOURNAL ARTICLE
The taxation of inbound investments into Australia stands to be dramatically altered by the proposed provisions of Division 855 that have recently been introduced into Parliament. This re-targeting of capital gains tax for non-residents will be beneficial for some non-residents but for others with investments in Australian “land-rich” entities, this will certainly not be the case.
This paper was also presented at the 'International Tax Masterclass' held in Sydney on 27 September 2006.
Kenneth Spence CTA-Life
Ken is a Special Counsel in the Melbourne office of Greenwoods & Herbert Smith Freehills. He has been closely involved for many years in advising Australian and foreign-owned listed companies on M&A transactions and has been extensively involved with both clients and tax professional bodies in relation to all aspects of the tax consolidation regime. Ken is a past President of The Tax Institute. Current at 23 August 2016
Click here to expand/collapse more articles by Ken SPENCE.
Richard Shaddick FTI
Richard is a Director in the Melbourne office of Greenwoods & Freehills. He has specialise in international taxation for many years, especially (since 1990) in the Australian taxation of controlled foreign companies (CFCs). Apart from advising private sector clients in this area, Richard also serves on the Rulings
Panel of the Australian Taxation Office, and has consulted extensively with the Treasury Department on the
redesign of the CFC legislation. Current at 01 July 2010
Click here to expand/collapse more articles by Richard SHADDICK.
Further details about this event: