2004

The New International Tax Regime

Source: Victoria

Published Date: 3 Jun 2004

 
On 1 April 2004 the Federal Government introduced into Parliament the New International Tax Arrangements Bill (Participation Exemption and Other Measures) 2004 which resulted in significant changes to Australia's international tax regime.

The 2004 Bill proposed:
- an exemption for all non portfolio dividends
- an exemption for active foreign branch income and capital gains
- a new CGT concession for capital gains arising from disposal of non portfolio interest in active foreign companies
- a new tainted services income rule for Controlled Foreign Companies.

These seminar materials examine in detail the new provisions and the practical implications of:
- the new foreign source income tax exemptions and consequential impacts
- the new CGT concession
- the NITA Bill 2003 (introduced December 2003) - in particular, the Foreign Investment Fund measures.

The New Foreign Source Income Regime: Dawn of a New Era

Author(s): Jason Chang CTA

The new CGT rules for shares in active foreign companies

Author(s): Cameron Rider FTI

New International Tax Arrangements Bill 2003

Author(s): Marco Feltrin

Details

  • Published On:3 Jun 2004
  • Took place at:Le Meridien at Rialto, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

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

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

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