Greenwoods & Freehills
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Recent Developments

21 February 2012
Australia’s mining tax on iron ore and coal projects is intended to start on 1 July 2012. We expect the mining tax to be passed by the Australian Parliament in the last sitting week in March 2012.
21 February 2012
The Australian Government intends to make retrospective changes to the taxation of the M&A transactions which limit the amount of future deductions relating to the target assets that will be available to the acquirer.
10 February 2012
A summary of selected tax developments for the week ending 10 Feb 2011
3 February 2012
A summary of selected tax developments for the week ending 3 Feb 2011
27 January 2012
A summary of selected tax developments for the week ending 27 Jan 2011
20 January 2012
In a split decision released on 8 December 2011, the Full Federal Court has held by a 2-1 majority that s.177EA of the Income Tax Assessment Act 1936 (Cth) (the Act)prevented the taxpayer from being entitled to imputation benefits on a distribution received on PERLS V securities (Securities) issued by CBA in 2009.
20 January 2012
On 21 December 2011 the ATO released TR 2011/D8 dealing with the relationship of the new corporate law rule for dividends and the tax legislation, along with counsel’s legal opinion it has obtained as part of the process. Unfortunately the draft ruling creates as many uncertainties as it solves. This tax brief discusses the draft ruling and the associated legal opinion.
20 January 2012
A summary of selected tax developments for the week ending 20 Jan 2011
13 January 2012
A summary of selected tax developments for the week ending 13 Jan 2011
6 January 2012
A summary of selected tax developments for the week ending 6 Jan 2011