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Foreign Currency Gains & Losses - the next instalment seminar paper

Published on 27 Feb 03 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

The taxation of foreign currency gains and losses has long been a complex and important issue for all financial institutions. This seminar paper picks up on the latest developments.
- What is wrong with the current law and administration and needs fixing?
- Revenue/capital characterisation and hedging rules
- Review of draft legislation (assuming released) as announced in the 2002 Federal Budget
- What else should be done - are the proposed rules adequate for players in the financial services industry?

An updated version of this paper was presented by Tony at the NSW International Masterclass held in Sydney on 22 July 2003. Click here to view that paper.

Author profile:

Tony FROST
Tony Frost FTIA has been a Director with the Sydney office of Greenwoods & Freehills since 2003. Tony has more than 20 years experience in tax, with a focus on financial services and financial transactions. Tony has advised clients on a wide range of tax matters, including innovative financial products, structured finance, mergers and acquisitions, cross-border dealings, transfer pricing, tax audits and negotiations with the Australian Taxation Office. Prior to joining the firm in 2003, Tony had been a Tax Partner for seven years with one of the major international accounting firms. Earlier in his career, Tony spent five years with Westpac Banking Corporation. He has over 20 years experience in tax and has advised clients on a wide range of issues, but with an emphasis on financial products and financial institutions. Tony has had significant involvement in the tax reform process via industry and professional bodies. In particular, Tony has written or coordinated many submissions over the last 18 years for the banking industry, including on the TOFA reforms. Tony lectures on the taxation of financial transactions in the Masters of Law course at the University of Sydney and is a regular speaker and writer on this subject for the Taxation Institute and other organisations.
Current at 11 February 2009
Click here to expand/collapse more articles by Tony FROST.
 

This was presented at Beyond Tax Reform - Financial Services Taxation Conference .

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Individual sessions

Panel Discussion: Future of Financial Services in Australia

Author(s):  Tony BURKE,  Richard GILBERT,  David LYNCH

Materials from this session:


Foreign Currency Gains & Losses - the next instalment

Author(s):  Tony FROST

Materials from this session:




GST - Give credit where credit is due

Author(s):  Michael B EVANS

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Superannuation Hot Topics

Author(s):  Peter HOGAN

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Infrastructure Financing - A Structured Perspective

Author(s):  Steve FORD

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Further details about this event:

 

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