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Taxation of Financial Arrangements - scope and exceptions paper
Published on 15 Feb 06 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This workshop paper covers:
- is the very wide definition of a 'financial agreement' workable?
- are the exceptions and carve-outs adequate?
- alternative approaches?
- comparison to the financial accounting definition of a 'financial instrument'
- the New Zealand experience
- character rules: is the deemed revenue treatment appropriate?
This paper was also presented at the 'Taxation of Financial Arrangements' seminars held in Melbourne on 9 March 2006 and Sydney on 22 March 2006.
Author profile
Anthony Frost CTA
Tony Frost, CTA, Greenwoods &
Herbert Smith Freehills’ Managing
Director, is a tax lawyer and Chartered
Accountant, with a career spanning
more than three decades. During this
time, he has advised clients on a wide
range of matters, including financial
transactions, ATO audits and disputes,
and the tax aspects of mergers,
acquisitions and transfer pricing. Tony
has been closely involved in many
successful and unsuccessful tax reform
projects over the last 30 years or so,
including in his role as a key adviser to
the Australian Banking Association, and
also as an occasional adviser/consultant
to the Treasury, ATO and the Board of
Taxation. Before joining Greenwoods
in 2003, Tony was a partner in a global
chartered accounting firm and held a
senior position in a leading Australian
bank. Tony is a prolific author of tax
articles and seminar papers and is
regularly invited to speak at industry
events and conferences. He spent
15 years as a lecturer in the Master
of Laws program at the University
of Sydney. Tony is a Chartered Tax
Adviser of The Tax Institute, a member
of the Law Society of NSW and
Chartered Accountants Australia and
New Zealand, and a member of the
International Fiscal Association.
- Current at
01 November 2018
This was presented at Taxation of Financial Arrangements - Practical Application .
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Taxation of Financial Arrangements - timing rules
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Taxation of Financial Arrangements - scope and exceptions
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