shopping_cart

Your shopping cart is empty

  • Home
  • BHPB Finance Limited, the Commissioner of Taxation and a perverse view

BHPB Finance Limited, the Commissioner of Taxation and a perverse view

Taxation in Australia | 1 Jun 10
 
Member Price: $22.00
Non Member Price: $28.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 01 Jun 10 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The Commissioner's argument to lift the corporate veil to treat a holding company as carrying on the business conducted by its subsidiary is dismissed as perverse. The tests for determining when an entity is carrying on a business of lending money is confirmed and the relevance of letters of comfort to an assessment of whether a debt is bad is considered. Division 243 and whether debt is non-recourse are also discussed.

Author profiles

Sue Williamson CTA-Life
Sue is a partner at EY specialising in tax controversy. Sue has worked in tax for more than 25 years, including roles in major law firms and executive roles within the firms in which she has been a partner. Sue was the President of The Tax Institute in 2008, has been a member of several advisory boards, has participated in many consultative forums and lectures in the University of Melbourne Masters of Law program. Sue was a member of the instructing solicitor team working on the Placer Dome litigation. - Current at 26 June 2019
Click here to expand/collapse more articles by Sue WILLIAMSON.
Ann-Maree Ventura FTI
Ann-Maree is a Lawyer with Clayton Utz. - Current at 01 June 2010

 

Copyright Statement
click to expand/collapse