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Why News Corp’s Australian victory boosts confidence in claiming deductions

Joe Dalton
July 18, 2012
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In the News Limited ruling on Tuesday, Australia’s Federal Court ruled that currency exchange losses should not be limited only to the exchange of money, and this will give taxpayers confidence in claiming tax deductions for such losses in a broader range of circumstances.

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Joe Dalton worked at ITR between 2011 and 2013
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