Australia - Government releases long awaited details on the “wind back” of the 2010 tax consolidation changes

Asia-Pacific Tax Newsalert

On November 25, 2011, the Australian Government announced significant changes to the way the tax consolidation rules work for Australian company groups. The latest measures operate to wind back the “rights to future income” and “residual asset tax cost setting” rules introduced by the same Government only 18 months ago.

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