8. Corporate Restructures Project

Malcolm Allen led discussion on the ATO project underway on managing the tax risks associated with corporate restructure events.

  • The project is designed to deliver real change in the way the ATO mitigates risk through purposeful early engagement with lower consequence taxpayers about significant restructuring events.
  • Focus is to provide certainty to taxpayers before lodgment and assurance to the ATO as to the tax treatment of major corporate events through a service product.
  • While contact on some restructures will be ATO initiated, the ATO welcomes taxpayers and their advisors to initiate the conversation on their planned restructure events so we can assist in providing tax certainty.
  • The design of the interaction is progressing iteratively, with similarities to the early engagement interpretative advice product. Malcolm invited members to provide any feedback or suggestions on this project.
    Last modified: 13 Apr 2015QC 44814