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Editorial message: Tax consolidation — sharpening a cutting-edge reform
Published on 01 Aug 07 by "THE TAX SPECIALIST" JOURNAL ARTICLE
The fact that the Australian tax consolidation regime is in the league of world’s best practice from a policy perspective was more than apparent when I attended the 2004 International Fiscal Association conference, which focused on the taxation of corporate groups. While in most countries group taxation provisions only extend to loss grouping and the intra-group transfer of assets, the Australian regime also directly tackles the critical gain and loss duplication problems normally associated with the taxation of corporate groups.
Author profile
Kenneth Spence CTA-Life
Ken is a Special Counsel in the Melbourne office of Greenwoods & Herbert Smith Freehills. He has been closely involved for many years in advising Australian and foreign-owned listed companies on M&A transactions and has been extensively involved with both clients and tax professional bodies in relation to all aspects of the tax consolidation regime. Ken is a past President of The Tax Institute.
- Current at
25 May 2017
