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GST aspects of underwriting


The business of underwriting the issue of securities has for a number of years involved debate amongst investment banks and corporations concerning the appropriate apportionment of the underwriting supply between its taxable and input taxed components. This paper outlines the more pertinent GST law and commercial factors relevant to that debate.

Author profiles:

Andrew McLoughlin CTA
Andrew was appointed Deputy Inspector- General of Taxation on 18 August 2009. Prior to this appointment, Andrew held senior corporate taxation positions, including global Head of Tax for Allco Finance Group and Deputy Head of Tax Australia-New Zealand for Deutsche Bank. He has also been an active tax reform advocate over many years through industry bodiessuch as the Australian Bankers’ Association, Australian Financial Markets Association, Australian Securitisation Forum, Corporate Tax Association and the Financial Services Council. These roles have provided him with considerable knowledge and experience in dealing with the Government and its agencies, including the ATO and the Department of Treasury. Current at 01 June 2015 Click here to expand/collapse more articles by Andrew MCLOUGHLIN.
Eugene Choi
Eugene is Partner and Head of the National GST practice at DLA Phillips Fox. Current at 01 October 2007 Click here to expand/collapse more articles by Eugene CHOI.
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