What flows from the Tax Laws Amendment (2006 Measures No 3) Bill 2006, introduced into the House of Representatives on 25 May 2006? This paper covers topics including:
- what is share capital account tainting and where has it been?
- what consequences does tainting share capital have for companies and their shareholders?
- share capital account tainting and AIFRS - do we have a resolution for this risk?
- how does share capital account tainting interact with tax consolidation?
- what do these provisions mean for share based payment transactions?