Published on 01 May 09
by NATIONAL DIVISION, THE TAX INSTITUTE
This presentation covers the interaction of TOFA with the tax consolidation regime, including:
- joining and leaving a tax consolidated group
- elections and balancing adjustments
- tax cost setting rules for Division 230 financial assets and financial liabilities
- the ATO perspective
- outstanding issues.
Mark is a Partner in KPMG’s Corporate Tax Division and Legal Practitioner Director of KPMG Tax Lawyers Pty
Limited. Mark specialises in taxation of capital raisings and mergers & acquisitions. Mark joined KPMG after working for 15
years with another Big Four accounting firm and four years as a solicitor. Mark has written numerous technical papers in the
areas of corporate restructures and the taxation of debt and equity. He was educated at St John’s College, Cambridge and
has a honours degree in law from Monash University, Victoria.
Current at 9 February 2009 Current at 14 May 2009
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Julian Humphrey FTIA has 12 years experience with the KPMG Banking & Finance Tax Practice. He works primarily with
international banks and financial services companies operating in Australia providing corporate income tax services. Julian’s
areas of expertise includes the taxation of banks and bank branches, the taxation of financial arrangements and retail financial
products as well as Australia’s offshore banking regime. He is a regular participant in consultation with Government on
Australia’s tax reform proposals affecting Australian financial institutions.
Current at 9 February 2009 Current at 18 May 2009
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