Published on 21 May 04
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The General Value Shifting regime is a tax ambush for all taxpayers. The rules are complicated and broad in their application. The provisions are designed to apply to traditional value shifts (eg issuing shares at a discount)
and non-traditional value shifts (eg domestic transfer pricing). The rules can apply to companies and trusts.
This presentation focusses on the application of the rules in the context of:
- direct value shifting
- indirect value shifting
- consequences of triggering the provisions
Ken is a Tax and Commercial Law Director of Schurgott & Co Lawyers and Special Counsel with Brown Wright Stein Lawyers, Sydney. He has extensive experience in all aspects of tax (including state taxes and litigation), as well as business structuring, business sales and acquisitions, asset protection, succession planning and trust and estate law. Ken has been, until recently, a member of the Advisory Panel to the Board of Taxation and heavily engaged in ongoing consultation in relation to the reform of the taxation of trusts and trust issues generally.
- Current at
22 May 2017