Published on 06 Feb 13
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
It's been approximately 10 years since the introduction of the tax consolidation rules. Unique compared to other consolidation regimes globally, a combination of legislative tinkering, major reform and the interaction of the rules with other parts of the Income Tax Assessment Act mean the rules can still represent a mine field for the unwary. Even for the well informed, the rules can produce unexpected outcomes.
In this presentation designed for those familiar with the tax consolidation rules, Paul Abbey (Partner, PwC) and Rob Bentley (Partner, PwC) examine some of the pitfalls and opportunities the provisions present. The interaction of the rules with other parts of the Act such as TOFA and thin capitalisation will be discussed as will the interaction of the tax consolidation rules in the context of Mergers & Acquisitions and capital market
This presentation is designed to provide tax specialists within Corporates and professional advisors alike with an update of current planning considerations that might be available when acquisitions are undertaken and matters to consider during due diligence.
Paul is a Partner in the Corporate Tax group of PwC in Melbourne and has over 25 years experience advising local and international clients on income tax issues. Paul has significant experience in relation to tax due diligence, acquisition structuring, capital raisings and IPOs. The focus of his work is presently issues surrounding consolidation, imputation, capital returns, the taxation of trusts and international tax. More recently, Paul has been leading and driving PwC's Tax Reform project, aimed at building momentum within the community around the need for comprehensive tax reform in Australia. Most notably, through the development of two formal consultative groups of CEOs, CFOs, chairpersons, and union and charity representatives to help drive dialogue and debate on the issue, culminated in PwC's Protecting our Prosperity series of publications. Paul also drives momentum in the tax reform space through targeted events and engagements across Australia. Current at 14 July 2016
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Rob Bentley ATI
Rob has worked with PwC for over 12 years specialising in international tax and Mergers and Acquisitions. Rob is PwC's Head of Mining for the Tax Practice in WA and provides services to a number of mining and mining services clients. Rob provides advice to a number of multinational and ASX listed clients on M&A transactions, cross-border funding and repatriation, tax consolidation and corporate reorganisations. Current at 01 November 2013
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