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The income tax law background and implications paper
Published on 06 Nov 08
This paper covers:
- impact of appointment
- issues during the administration
- accessing pre-appointment losses
- accessing interest deductions
- non-cash tax events
- tax funding agreements and group obligations.
- issues on wrapping-up
- what does a tax clearance mean?
- effect of dissolution on other entities.
Author profile
Jeremy Hirschhorn CTA
Jeremy Hirschhorn was appointed to the Second Commissioner role from 16 April 2020. He has overall responsibility for the ATO’s Client Engagement Group, which fosters willing participation in Australia’s tax and super systems through well-designed client experiences. Jeremy has more than 20 years' experience in roles managing complex tax matters. As Deputy Commissioner of Public Groups & International from April 2015, Jeremy was responsible for ensuring that the largest Australian and multinational companies were meeting their corporate tax obligations and providing the Australian community with confidence that these large companies were being held to account. Jeremy also worked as Chief Tax Counsel, with responsibility for the provision of the ATO’s legal advice in relation to interpretation of the tax and super laws, when he joined the ATO in August 2014.Prior to joining the ATO, Jeremy was a senior partner in KPMG’s tax practice. Jeremy holds a Bachelor of Commerce and Bachelor of Laws from the University of NSW. He is a Chartered Tax Adviser and Chartered Accountant. - Current at 12 January 2023
This was presented at Tax in an Uncertain Economy .
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Individual sessions
Managing debt rights and obligations – Some key tax issues
Author(s): Peter MCCULLOUGHMaterials from this session:
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Specific dealings with ‘impaired’ debts
Author(s): Joshua CARDWELLMaterials from this session:
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A series of case studies–A company struggling on the brink
Author(s): Chris KINSELLA, Gavin MARJORAMMaterials from this session:
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GST in an uncertain economy
Author(s): Ross STITTMaterials from this session:
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Tax accounting in a loss situation
Author(s): Tracey RENS, Darren LEEMaterials from this session:
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Administration, liquidation and receivership–The legal basics
Author(s): Philip HOSERMaterials from this session:
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The perspective of the appointed representative
Author(s): Barry KOGANMaterials from this session:
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The income tax law background and implications
Author(s): Jeremy HIRSCHHORNMaterials from this session:
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Cashed up and ready to take advantage of opportunities
Author(s): Muhunthan KANAGARATNAMMaterials from this session:
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The increased need for tax risk management in an uncertain economy
Author(s): David L WILLIAMS, Chris DOBSONMaterials from this session:
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Companies facing insolvency or other difficulties failing to pay taxes
Author(s): Tim SHERMAN, David ANDERSONMaterials from this session:
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Managing capital structure
Author(s): Simon JENNER, Andrew FOSTERMaterials from this session:
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