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Trading stock lost in a forex maze
Published on 01 Apr 04 by "THE TAX SPECIALIST" JOURNAL ARTICLE
Complex new rules dealing with foreign currency denominated transactions have wide application. This article examines how the new regime applies to the acquisition of trading stock. Given the anomalous outcomes, some amendments to the legislation appear necessary.
Author profile
Anthony Frost CTA
Tony is the Managing Director of Greenwoods & Freehills. With more than 25 years experience in tax, Tony has a focus on financial services and financial transactions. Tony has advised clients on a wide range of tax matters, including innovative financial products, mergers and acquisitions, cross-border dealings, transfer pricing, tax audits and negotiations with the Australian Taxation Office. Tony has also advised clients on various OBU matters over many years, and is part of the consultation group set up by Treasury to discuss changes to the OBU rules announced in the previous government’s 2013-14 Budget.
- Current at
22 May 2017
