Banking on tax: Focusing on the core issues

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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.

Issue 14 | March 2017

M&A in the mutual market

We consider the share capital tainting issues for M&A of customer owned banks.

Penalties increase for significant global entities

We summarise the proposed changes to the statement and failure to lodge penalties regimes.

Justified trust & tax governance

We discuss what the ATO’s adoption of the OECD justified trust concept means for taxpayers. In particular, we provide an overview of the updated ATO Tax Risk Management and Governance Review Guide.

Asymmetric treatment of permanent establishments

We provide an overview of the current and proposed developments for the treatment of permanent establishment profit attribution and capital allocation under the thin capitalisation regime for Australian owned and foreign banks.

A trifecta of NZ BEPS reforms

We summarise proposals released by the New Zealand government to make amendments to the thin capitalisation, transfer pricing rules and New Zealand’s adoption of the OECD’s Multilateral Convention.

Much needed amendments to Division 974

We provide an overview of the recent exposure draft to repeal section 974-80 of the Income Tax Assessment Act 1997 (Cth) and changes to the related schemes test.

Banking on Tax: Issue 14, March 2017
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