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No Topic Reply: 1.1.2 From: Tom Cleary This is a multi-part message in MIME format. ------=_NextPart_000_0005_01C15324.10669190 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Serge Have not had a chance to have a good look at how the Act is...

Reply: 1.1.1 From: Tom Cleary Serge Thin capitalisation rules deal with the allocation of income between countries.What the new act is attempting to do is widen the present scope where the rules only apply to foreign RELATED debt and debt covered by a formal guarantee by making it apply to...

Reply: 1 From: Tom Cleary Serge thin capitalisation only relates to multinational companies who provide loans to its Australian related entity and can lead to profit being shifted to a more friendly taxing regime. For a more extensive explanation see...