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Commercial Debt Forgiveness: where are we now?

Published on 01 May 01 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Current predictions (albeit contradictory!), of economic recession may well mean an increase in day-to-day application of the tax rules governing debt forgiveness transactions.

Author profile:

Stephen Carpenter CTA
Stephen, a tax partner with KPMG, has extensive experience advising Australian and foreign corporate groups on the Australian income tax issues associated with mergers, acquisitions, divestments, restructures and capital management strategies. Stephen is the leader of KPMG's tax practice in Melbourne. Current at 15 August 2013 Click here to expand/collapse more articles by Stephen CARPENTER.
 
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