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Banking on Tax

Issue 12 | May 2014

Banking on Tax issue

Banking on Tax is Deloitte's quarterly newsletter covering the core tax issues as they affect bankers. If you would like to receive this publication by email please contact us.

Featured articles

Recent global developments in cash management

  The global environment for cash and risk management is changing for both banks and their corporate clients. We summarise the drivers for these changes and look at how two recent European tax rulings are adding to the complexity.

Issue of Basel III compliant capital instruments by mutual ADIs

  In this article we discuss the amendments to Australian Prudential Standard (APS) 111 for mutual ADIs to issue regulatory capital instruments with non-viability conditions and the potential difficulties under the debt and equity tax rules.

Board of Taxation discussion paper on the review of the debt and equity tax rules

  We summarise the key questions raised in the recent release of the Board of Taxation discussion paper following its review of the debt and equity tax rules.

GST and the use of credit cards outside Australia

  We outline the Commissioner’s view in Draft Determination GSTD 2014/D1 on the use of credit cards outside Australia.

OECD BEPS discussion draft on hybrid mismatch arrangements – the impact on Additional Tier 1 capital needs further clarification

  This article sets out some observations on the OECD discussion draft on hybrid mismatch arrangements and highlights the further work the OECD needs to do in this area for the banking sector.

White Paper on tax reform

  We outline the issues relevant to the banking sector that should be included in the White Paper on tax reform.

Australian IGA for FATCA signed and new entity account onboarding delayed

  We highlight the differences between the Australian intergovernmental agreement (IGA) and the model I IGA for FATCA. We also set out the matters that are covered in the exposure draft legislation to enable Australia to meet its obligations under the IGA as well as the next steps for Australian entities.

Download Banking on Tax, Issue 12

  PDF file | 9 pages

Get in contact

  • Patrick Broughan
    Tax Partner
    Tel: +61 3 9671 6606
    Meet the team

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