Published on 22 Sep 10
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
- release of the Treasury's second consultation paper on reform of the CFC rules
- policy objectives and drafting approach
- definition of CFC -accounting concepts of control
- prima facie passive income
- the ‘active business income' exemption
- application of the integrity rule (part 30)
- interaction of participation interests and the dividend exemption.
Current at 15 June 2011
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