TOFA's Long March Continues

14 August 2008

We have already noted the long and difficult gestation of the project to reform the taxation of financial arrangements (‘TOFA’) – at least 15 years so far, and counting. This Tax Brief examines two recent developments along the long road to TOFA:

the announcement by the Assistant Treasurer of a firm start date; and
recent work on the interaction between TOFA and the consolidation regime.

For our full Tax Brief - click here

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

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