More from the Board of Taxation on Foreign Source Income Anti-Tax-Deferral Regimes

30 May 2008

As promised in its March 2008 Position Paper (see our Tax Brief at http://www.gf.com.au/477_628.htm), the Board of Taxation has now released five Issues Papers to give more details on proposals in relation to reform of the CFC and FIF regimes. The Board has been working on this topic for sometime, having released a Discussion Paper in mid 2007 (see our Tax Brief at http://www.gf.com.au/477_556.htm) and conducted a first round of consultations and submissions then.

For our full Tax Brief - click here.

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

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