This symposium primarily focussed on post-formation issues being faced by consolidated tax groups. These not only encompass aspects such as acquiring and disposing of subsidiaries, but also financing, internal restructuring and the ongoing implications of interactions between the consolidation provisions and other tax provisions (including Part IVA).
The post-formation period will also inevitably involve a review of the formation calculations and market valuations by way of tax audits or by companies otherwise reassessing their stick/spread choices prior to 31 December 2005. Therefore the program included an update on developments in these areas.
There were also be a number of industry specific sessions, including one covering issues facing SMEs.