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Leaving a consolidated group — Separation without tears

Published on 01 Oct 07 by "THE TAX SPECIALIST" JOURNAL ARTICLE

A member or subgroup can exit a consolidated group in various circumstances, sometimes unanticipated. The consequences of exit are significant, under the consolidation, CGT and other tax rules. Some of the issues are unclear or are subject to government announcements not yet legislated. In this paper Tony Stolarek reviews the issues and the traps, identifying actions which groups should take, including the need to develop tax positions on unresolved issues, pending legislation or further ATO clarification.

Author profile:

Tony STOLAREK
Tony is a Partner in the Ernst & Young National Tax Group and has been involved with tax consolidation since its creation emerging from the Ralph RBT. Tony was a member of the Tax Consolidation Joint Design team of Treasury, ATO and professionals, and remains a member of the NTLG Consolidation Subcommittee and various working groups dealing with consolidation practice, emerging law and ATO compliance initiatives for consolidating groups. Tony is a member of the ICAA National Tax Technical Committee and chairs it’s Consolidation Working Group.
Current at 9 February 2009
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This was presented at 3rd Consolidation Symposium: Dealing with Mergers, Acquisitions and Divestments .

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Author(s):  Grant WARDELL-JOHNSON

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MEC groups and evolving international tax issues

Author(s):  Peter COLLINS,  Lindsay HANHAM

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Cost setting rules - the difficult issues

Author(s):  Peter MURRAY,  James TARGETT

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Consolidation in practice - impact on transactions

Author(s):  Joe NIVEN

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