Tax consolidation refuses to stand still! Whether it is the sheer breadth of identified issues, the plethora of unenacted press releases, and whatever else may be out there, it seems that the evolution of tax consolidation is still ongoing. Not only that, there seems to be no end to the re-working and re-thinking of basic consolidation principles.
This session highlighted new and important issues that all practitioners must contend with, including:
- what is happening with legislative amendments and what are their likely implications?
- recent guidance from the ATO including:
-- impacts on M&A transactions
-- how to lose a loss without knowing it
-- the latest thinking on tax sharing agreements.