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  Miscellaneous 2009

Tax treatment of liabilities: The unexplored parallel universe

Source: National

Published Date: 12 Mar 2009

 

To date, the focus of our tax system has been on transactions involving assets, with only limited attention being given to liabilities. Recent legislative developments are addressing this imbalance, albeit in a piecemeal fashion. This presentation deals with:

  • ambiguities raised by the way in which the tax system has traditionally dealt with liabilities
  • how liabilities alter tax outcomes on asset and entity acquisition transactions
  • the proposed TOFA treatment of liabilities
  • options for a more consistent tax treatment of liabilities.

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Author(s)

Individual Session

Tax treatment of liabilities - The unexplored parallel universe

Author(s): Ken Spence CTA-Life , Andrew De Wijn , Enzo Coia CTA
Materials from this session:

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Details

  • Published By: Ken Spence CTA-Life
  • Published On:12 Mar 2009
  • Took place at:Sydney Convention & Exhibition Centre and Doltone House

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