Casenote – International Corporate Restructuring Not Subject to General Anti-Avoidance Rules

Journal
Butler, M.; Misiajlo, S.
Australia
Asia-Pacific Tax Bulletin 2011 (Volume 17), No. 6
PriceUSD 45

The recent Australian decision in RCI Pty Limited v. Commissioner of Taxation is examined. In this case, the full Federal Court held that the tax avoidance provisions did not apply to a corporate restructure that substantially reduced the taxable capital gain.