Published on 01 Nov 99
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
As with "entity" taxation, the Government has given itself and corporates a temporary respite by deferring to 1 July 2001 the commencement of the proposed radical consolidation regime. However, a raft of significant measures targetting tax losses and capital gains tax ("CGT") losses commenced to bite from the date of the Government's RBT announcement on 21 September 1999 and, in some cases, back to 22 February 1999. The author discusses (1) the consolidation regime and (2) tax losses.
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
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