Australian taxation of private equity gains: the latest chapter

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.
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Related topics: Tax; Private equity

Tax; Private equity

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