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dc.contributor.authorFreudenberg, Bretten_US
dc.date.accessioned2017-04-24T08:33:07Z
dc.date.available2017-04-24T08:33:07Z
dc.date.issued2009en_US
dc.date.modified2010-06-15T05:30:08Z
dc.identifier.issn1832911Xen_US
dc.identifier.doihttp://www.atax.unsw.edu.au/atta/jatta/index.htmen_AU
dc.identifier.urihttp://hdl.handle.net/10072/30605
dc.description.abstractOne of the potential reforms to be considered by the Henry Review is a proposal by the Institute of Chartered Accountants Australia and Deloitte for the introduction of a tax transparent company (the ICAA proposal). The central proposition of the ICAA proposal is that the introduction of a tax transparent company will be beneficial to closely held businesses in Australia. An issue facing closely held businesses can be in terms of financing, and this article will consider whether the introduction of a tax transparent company is likely to assist closely held businesses with this. This analysis will consider the model outlined in the ICAA proposal, as well as a number of foreign transparent company forms, particularly: United States' S Corporations and limited liability companies (LLC), the United Kingdom's limited liability partnership (LLP) and New Zealand's Loss Attribution Qualifying Company (LAQC). Through this analysis, a number of areas of concern will be raised about the interaction of a tax transparent company with financing, particularly in terms of eligibility requirements, assessment for unpaid allocations, comparison to corporate tax treatment and active members. It will be argued that as currently structured the ICAA proposal is unlikely to substantially assist closely held businesses address their financing problems and that a partial loss transparent company would be preferable model in this regard.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent4238228 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherAustralasian Tax Teachers Associationen_US
dc.publisher.placeAustraliaen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom121en_US
dc.relation.ispartofpageto154en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalJournal of the Australasian Tax Teachers Associationen_US
dc.relation.ispartofvolume4en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchTaxation Lawen_US
dc.subject.fieldofresearchcode180125en_US
dc.titleThe financing effect: Will a tax transparent form for closely held businesses in Australia assist with financing?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.rights.copyrightCopyright 2009 Australasian Tax Teachers Association (ATTA). The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_AU
gro.date.issued2009
gro.hasfulltextFull Text


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