Miscellaneous 2010

The concept of control in taxation law

Source: The Tax Specialist Journal Article

Published Date: 1 Jun 2010

 
Various provisions of the taxation legislation refer to control of entities yet the meaning of “control” is not generally defined. One major change in the rewrite of the Australian CFC provisions is that the definition of CFC is proposed to be based solely on general law concept of control. This paper provides a comprehensive discussion on the meaning of control from various contexts including taxation, corporations and other legislation as well as accounting standards.

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