Banking on Tax
Issue 9 | March 2013
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
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Cash-pooling – interest income from a cash-pooling arrangement |
| We look at the ATO's determination of interest income derived for withholding tax purposes in a cash-pooling arrangement. | |
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An analysis of the amendments to Part IVA |
| We provide an analysis of the key changes to the general anti-avoidance rules in Part IVA contained in the Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013, focusing on the determination of a tax benefit. | |
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TOFA bill introduced for 2010 announced changes |
| Almost three years since commencement of the TOFA provisions on 1 July 2010, the Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013 was introduced into Parliament on 20 March 2013 to give effect to changes announced on 29 June 2010. We outline the amendments proposed in the bill. | |
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Board of Taxation review of tax arrangements applying to permanent establishments |
| We summarise the comments included in Deloitte's submission to the Board of Taxation's review of tax arrangements applying to permanent establishments. | |
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What to expect from the ATO's refined approach to risk identification, disputes and audits |
| In this article, we set out some key aspects of the ATO's revised Large business and tax compliance booklet and what banks can expect from the ATO for risk identification, disputes and audits under the ATO's refined approach. | |
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Foreign banks operating in Australia – liquidity charges and notional funding costs |
| We analyse three ATO Interpretative Decisions relating to the deductibility of liquidity reserves and notional funding costs in Australian operations of foreign banks. | |
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Practical implications for banks of the GST self-assessment regime |
| We outline the key changes for GST taxpayers arising from the GST self-assessment regime and highlight some practical implications and actions for banks. | |
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Final FATCA regulations issued – where to from here for Australian banks? |
| In this article, we set out some of the interactions between the final FATCA regulations and an Australian intergovernmental agreement on FATCA. We also highlight the 'must-haves' required by 1 January 2014. | |
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Download Banking on Tax, Issue 9 |
| PDF file | 12 pages |
