Published on 19 Feb 14
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
pre-TOFA treatment of liabilities
TOFA – bringing liabilities more comprehensively into the tax system
TOFA liabilities – specific examples
Euan is an Assistant Commissioner in the Australian Taxation Office, where he has worked in a variety of revenue law areas for more than 20 years. In relation to financial arrangements, he has worked on litigation matters, public and private rulings, audits, and on advice to Treasury. Current at 18 October 2013
Andrew, CTA, is a Director at Greenwoods & Herbert Smith Freehills Pty Limited. Andrew advises on a wide range of corporate and banking-related tax issues with a particular focus on financial and international transactions. Andrew has been extensively involved in the development of the TOFA provisions and represented The Tax Institute before the House of Representatives Economic Committee in relation to recent changes in this area. Current at 17 March 2016
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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