Analysis

Banking on Tax

Focusing on the core tax issues

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.

Banking on Tax : Issue 18

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Issue 18 | February 2020

Hybrid mismatch proposed amendment for distributions on AT1 capital
We outline the proposed amendment to the franking offset rules for distributions on AT1 interests that give rise to a foreign income deduction.
Justified Trust and GST – are you ready?
We discuss the approach, process and focus areas for the ATO’s GST assurance review program.
Divestment activities – considering goodwill
We consider issues for goodwill on a divestment of a business by a tax consolidated group.
Applying a tax lens to customer remediation payments
We highlight a number of tax issues for customers and banks to consider for remediation payments.
The tax governance outlook for 2020 for the banking sector
We provide insights from the Top 100 and Top 1,000 reviews undertaken so far and consider areas of focus for tax governance in 2020.
Revised R&D tax incentive bill now before Parliament
We summarise the key aspects for banks of the proposed amendments to the R&D regime.