TOFA – refinements to the puzzle

30 April 2010

With most of the pieces of the Taxation of Financial Arrangements (TOFA) jigsaw on the table, it is now a matter of making sure it all fits together. On 20 April 2010, the Assistant Treasurer released a number of proposed refinements to the TOFA puzzle, contained in an exposure draft (ED) and accompanying draft explanatory memorandum (EM). 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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