Published on 01 Aug 08
by "THE TAX SPECIALIST" JOURNAL ARTICLE
This paper provides a brief overview of the taxation of shipping profits in Australia. The shipping industry is currently undergoing a boom, which has been fuelled by demand for Australia’s resources, and there has been an increased focus on the taxation of profits derived by shipping enterprises, further intensified by a recent Full Federal Court decision and a raft of ATO rulings and determinations. This paper highlights some of the key taxation issues that shipping enterprises should consider.
Tax Principal, Deloitte Perth.
Current at August 2008
Julian Cheng ATI
Julian Cheng, ATI, is a Partner at Deloitte Touche Tohmatsu with over 16 years' experience in advising corporate groups, and small to medium enterprises, in various industries on a range of tax issues including consolidations and TOFA. Julian provides technical support, training and tax updates to Deloitte nationally. Julian also consults with the ATO and Treasury on major taxation reforms and is a member of the ATO's NTLG Losses and CGT subcommittee. Current at 16 May 2013
Click here to expand/collapse more articles by Julian CHENG.