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Australian taxation of private equity gains: the latest chapter

10 December 2010

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Many participants in the New Zealand private equity market will have been aware of the brouhaha across the Tasman last year when the Australian Taxation Office (ATO) asserted that A$452M of Australian tax was owed on the sale of shares in Myer Group by a fund managed by TPG.

The latest chapter in the saga contains some interesting reading on cross-border issues, but little of note on the capital/revenue distinction.
Click on the link above to read full article.

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