Transformation of the business tax system
Journal
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2003 (Volume 5), No. 1
In-depth analysis of the Australian tax reform's impact on financial income taxation. In particular, the reforms made with effect from 1 July 2001 that impact foreign investment and the other corporate tax reforms of interest to non-residents, are dealt with. Topics like debt and equity characterization rules, thin capitalization rules, consolidation of related enterprises are addressed.