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.
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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