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Published on 23 Oct 2013
| Took place at Doltone House, Sydney
Are you across all the key technical issues associated with the critical Corporate Tax developments in the last year? This full day seminar was designed for tax people working in a corporate environment and covers not just the main income tax developments but also some broader issues.
tax base erosion and the likely measures to be introduced going forward
the practical implications of the changes in the transfer pricing area
the new Part IVA
an update on tax issues associated with capital management
the taxation of foreign exchange gains and losses
the most recent developments in the Consolidation Regime
an update on Salary Packaging
what is happening in the State taxes area
current GST issues for corporates.
Get a 20% discount when you buy all the items from this event.
Tax base erosion - What is likely to be the Australian legislative response going forward?
Richard J VANN
OECD nations are concerned that they are continuing to miss out on their fair share of the global tax take as a result of base erosion and profit-shifting [BEPS] as multinationals seek to improve their bottom line by minimising tax expenses.
This paper covers:
the recent initiatives of the OECD, the G8 and the G20 and other countries
what is likely to happen in Australia going forward (including Transparency Proposals).
The recently enacted Cross Border Transfer Pricing legislation imposes a higher obligation on Public Officers of companies to maintain appropriate TP documentation on a contemporaneous basis to defer and defend ATO investigation. Cross border financing, business restructures and profit based assessments where a business has consistently low profits or losses are likely ATO targets.
This practical paper provides guidance on how to develop a framework to adapt to this new TP environment including:
ensuring your company’s TP documentation meets the ATO requirements of a reasonably arguable position to avoid automatic penalties should an audit adjustment arise
impact on IDS disclosure and your company’s risk profile
limitation on period for ATO to amend
personal liability of public officers for penalties arising from a false or misleading statements related to TP.
Taxation of foreign exchange gains and losses for corporates
In a volatile exchange rate environment, it is important that taxpayers understand the complex rules governing the taxation of foreign exchange gains and losses. This paper provides an overview of the manner in which the disparate regimes in Division 230 (TOFA), Division 775, the translation rules in Division 960 and “legacy” regimes interact. It also covers some practical case studies aimed at non-financial institution corporate taxpayers who may have:
entered into financing arrangements in foreign currency;
entered into foreign currency derivatives;
made investments in foreign currency denominated assets;
Salary packaging gives rise to a number of taxation and similar issues, particularly in relation to fringe benefits taxes. With these issues, there arises both traps and opportunities. It is necessary for corporates to keep on top of issues and changes in relation to salary packaging, to ensure that both its own and its staff’s costs are minimized. This paper gives a high level overview of different issues that arise in salary packaging. In particular, it covers:
State taxes remain a constant bugbear for businesses due to their complexity and the seemingly constant changes to legislation and policy. This paper provides an overview of the current most topical State tax issues currently faced by business, including:
NSW landholder duty: practical issues for businesses
GST applies to most transactions and it is not something that can be ignored. It is necessary for the impact of this indirect tax to be considered for all transactions and arrangements. This paper gives attendees a high level overview of the changes in the GST arena, with a particular focus on the issues of which corporates should be wary. In particular, it focuses upon:
the general anti-avoidance provisions under the GST legislation
the continuing issue with going concerns
recent cases and rulings that are relevant for corporates.
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