Miscellaneous 2009

Practical TOFA considerations for corporates

Source: Victoria

Published Date: 9 Oct 2009

 

The TOFA legislation received Royal Assent six months ago and early electing taxpayers may in
some cases be already subject to the new rules. There is still time before the first TOFA elections need to be made.

This presentation covers a number of practical issues that have become relevant in determining the potential impact of TOFA and is intended to help with your decisions on the various elections available. It includes a practical analysis supported by case studies covering:

  • a suggested approach to determining the preferable TOFA position
  • is tax hedging as beneficial as it appears and how is it achieved?
  • when would you consider the accounting based elections?
  • TOFA issues still under consultation.

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Individual Session

Practical TOFA Considerations for corporates

Author(s): Neil Ward

Details

  • Published By: Neil Ward
  • Published On:9 Oct 2009
  • Took place at:Novotel Forest Resort, Creswick

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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