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, is a partner in Pitcher
Partner’s tax practice. He has over 20
years experience advising multinationals
and investment funds on Australian and
international tax issues with a focus on
mergers and acquisitions, divestments,
financing and corporate reorganisations.
- Current at
27 August 2018