Published on 14 Aug 01
by THE TAX INSTITUTE
The draft ruling deals with complicated timing, attribution and valuation rules and the consequences that result will not necessarily be understood by or followed by taxpayers or advisers (and may not result in resolution of what may be essentially revenue neutral transactions) without more practical explanations and worked examples.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
NATIONAL INSTITUTE OF ACCOUNTANTS
TAX POLICY & RESEARCH DIVISION