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    TOFA's Long March Continues

    We have already noted the long and difficult gestation of the project to reform the taxation of financial arrangements (‘TOFA’) – at least 15 years so far, and counting.  This Tax Brief examines two recent developments along the long road to TOFA:
    • the announcement by the Assistant Treasurer of a firm start date; and
    • recent work on the interaction between TOFA and the consolidation regime.
    For our full Tax Brief - click here