Published on 01 May 10
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The ability to utilise tax losses has become an increasingly important, yet increasingly complex process. Attempts to create a one-for-all test that avoids being paralysed by factual complexity while ensuring integrity have seen the rules governing tax losses evolve into an amalgam of tests, savings provisions and compliance safeguards. This article examines the development of the tax losses recoupment rules, including recent legislative proposals.
Tom is a Consultant
Current at 1 May 2010