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ATO signals tough approach to highly-engineered cross-border structures
Last month, the ATO signalled a low tolerance for highly engineered cross-border structures when it dramatically sought to impose tax on TPG’s $1.5 billion profit on the Myer float. In the course of the ATO’s frantic efforts to secure a slice of the Myer millions, it issued two draft determinations last Friday setting out the circumstances in which it will challenge similar private equity arrangements.
Australia
 
2 Feb 2010
2
Impairment Considerations For Financial Assets
While we are hopeful that the global economy might soon be emerging from the turmoil created by the credit crisis and the somewhat disastrous effects it has had on asset values around the world.
Australia
27 Aug 2008
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