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Tax consolidation: A review of the recommended changes

Published on 01 Nov 18 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The consolidation regime, which treats wholly owned groups as a single entity for income tax purposes, has been in place in Australia for more than 16 years. This 16-year period has been marked by screeds of legislation, masses of ATO interpretation and several reports by the Board of Taxation and Treasury, to which there have been federal government responses of varying speeds. Nonetheless, the list of outstanding issues seems to have expanded rather than shrunk during this time. This article looks at recent amendments enacted by Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018, potential recommended changes, and canvasses the fate of recommendations from several Board of Taxation reports.

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Helen Wicker CTA
Helen is a Taxation Partner at ShineWing Australia. - Current at 08 November 2018
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