Australia's ATO says will clarify tax issues after TPG Myer debacle
The Australian Taxation Office is due to issue its final determination on taxation of private equity profits, following the incident last year when the office launched a last-minute pursuit of TPG Capital over some $625 million of claimed unpaid tax and avoidance penalties after TPG's IPO exit of its investment in the Myer department store chain.
The ATO's determination, originally due in May, has been suspended over a supposed government review of tax policy in the area, and wider implications on international agreements. Australia's current hung...
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