Published on 15 Feb 12
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
hedges of NIFO under TOFA
the hedging financial arrangement
the hedged item
character matching and tax timing in practice.
Kane Nicholson is an Associate Director at Macquarie Group in
the Taxation Division. He specialises in income tax issues arising in
the financial services industry with a particular focus on the TOFA
implications for banking and fund management groups. Kane is
involved in the tax working groups of the FSC, AFMA and ABA and
certain TOFA NTLG subgroups. Prior to working for Macquarie,
Kane had over 10 years of financial services tax experience in
Sydney and London working for Andersen, Ernst & Young and
Aviva plc. Current at 05 April 2012
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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