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Practical Aspects of the New FOREX Regime

Published on 02 Sep 03 by VICTORIAN DIVISION, THE TAX INSTITUTE

This powerpoint presenation focuses on some of the key practical issues emerging from the new FOREX regime including:
- Timing and status of elections to be made;
- Interaction of the FOREX rules with Tax Consolidation;
- Practical issues with the functional currency rules;
- Difficulties with the practical operation of the rules;
- Application to Bank and financial companies

Author profile:

Vikas Khanna CTA
Vik is a Senior Partner and the leader of the International Tax Practice at Deloitte, Melbourne. Vik has 20 years experience in the profession and was a partner for over eight years at another Big Four accounting firm. Vik has extensive experience in advising multinational corporations on cross border transactions, acquisitions and restructures, on tax due diligence assignments and on financing issues. Vik also has substantial practical experience in advising on the taxation aspects of private equity investment, MBOs/LBOs, M&A and on cross border and domestic investment generally. As an international tax/M&A tax specialist, Vik has advised on a large number of significant M&A transactions in the past six years. Current at 09 February 2009 Click here to expand/collapse more articles by Vik KHANNA.
 

This was presented at FOREX & Division 250.

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Practical Aspects of the New FOREX Regime

Author(s):  Vik KHANNA

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