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.
Kenneth Schurgott CTA-Life
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 28 July 2016
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