This content is from: Australia

Futuris wins dispute but taxpayers must be wary of Australia’s GAAR amendments

A novel approach to proving its actions did not provide a tax benefit helped Futuris win its Full Federal Court (FFC) dispute against the Australian Taxation Office (ATO) this week, but the outcome could have been different if the proposed amendments to Australia’s general anti-avoidance rule (GAAR) had applied in the case.

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