News

The operation of the Income Tax General Anti-avoidance rule



21 May 2012

Professor Graeme Cooper will be part of a Federal Government expert roundtable to assist in clarifying the operation of the Income Tax General Anti-avoidance rule.

According to an announcement made by the Assistant Treasurer, The Hon. David Bradbury, the expert roundtable is to assist with the implementation of the Gillard Government's clarifications of the definition of 'tax benefit' in Part IVA of the Income Tax Assessment Act 1936.

"On 1 March 2012, the Government announced that it would obtain advice from independent experts about how best to implement the proposed clarifications to the operation of Part IVA without unintentionally affecting genuine commercial and business activity," the announcement stated.

"Consistent with that announcement, the role of the roundtable is to provide advice on how best to implement the proposed clarifications, rather than revisit the policy decisions announced by the Government."

View the announcement - Expert Roundtable to assist in clarifying the operation of the Income Tax General Anti-avoidance rule

Contact: Greg Sherington

Phone: +61 2 9351 0202

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