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  • Meaning of tainted sales income



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    The tainted sales income of a CFC includes that part of gross turnover that represents sales income where the goods sold were purchased from or sold to:

    • an associate who is a Part X Australian resident, or
    • an associate who is not a Part X Australian resident but carried on business in Australia through a permanent establishment.
    Last modified: 05 Dec 2006QC 17522