This event was part of the Corporate Tax Club series 2010. By launching an 11th hour action against a TPG managed entity in relation to the profits from selling its shares in Myer the ATO have thrown a cat amongst the pigeons in the managed funds industry. To find out what this action means for you, this event covered:
- the contents of the draft tax rulings on TR 2009/D17 and 18
- the implications on the ATO's actions on treaty shopping
- how this action might affect industries outside the private equity sector.
This event also gave a brief update on some important new tax issues in M&A including:
- TR 2009/D5: Do special dividends form part of the capital proceeds on sale of shares
- the proposed changes to the scrip for scrip rules.