Reforming and realigning Division 855 of the Income Tax Assessment Act 1997 to give better effect to its policy objetives Jack Aquilina
By: Aquilina, Jack
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Material type: 
ArticlePublisher: 2019Subject(s): INVERSIONES EXTRANJERAS | IMPUESTOS | AJUSTES FISCALES | INCENTIVOS FISCALES | AUSTRALIA
In:
Australian Tax Forum: a journal of Taxation Policy, Law and Reform v. 34, n. 1, 2019, p. 95-129Summary: Despite Div 855’s clear policy objectives, its practical operation has experienced challenges that must be addressed so as to ensure Australia’s taxation arrangements continue to be seen as attractive for future foreign investment. Changes will be proposed to the “all or nothing” rule, the non-portfolio interests test and the author will propose the introduction of a new provision that would require specific adjustments to the taxable treatment of a transaction that satisfied the indirect Australian real property interest test. Proposals relating to the timing of the planned introduction to the changes to the principal asset test announced in the 2017 federal Budget will also be made.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1867/2019/1-4 (Browse shelf) | Available | OP 1867/2019/1-4 |
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Resumen.
Despite Div 855’s clear policy objectives, its practical operation has experienced challenges that must be addressed so as to ensure Australia’s taxation arrangements continue to be seen as attractive for future foreign investment. Changes will be proposed to the “all or nothing” rule, the non-portfolio interests test and the author will propose the introduction of a new provision that would require specific adjustments to the taxable treatment of a transaction that satisfied the indirect Australian real property interest test. Proposals relating to the timing of the planned introduction to the changes to the principal asset test announced in the 2017 federal Budget will also be made.
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