Controlled Foreign Companies
Overview
The existence of a foreign resident company within a group structure necessitates review of the CFC rules to determine if any profits of that foreign resident are attributed to Australia for tax purposes.
Understanding when and how the CFC rules have potential application is required when you have an interest in foreign resident companies.
The subject matter is somewhat complex, but the session is aimed at an introductory to intermediary level. Key matters covered include:
- CFC definition
- Tainted income
- Active income test
- Calculation of attributable income
- Tainted income
Learning Outcomes:
- Identity when you have a CFC issue in the group
- Calculate attributable income
Suited to:
- Corporate tax specialists and advisors will benefit from understanding CFC risks within their / their clients’ structures
- Firms of all sizes will benefit from the session
- Whilst the subject matter is advanced, those with limited experience in international matters will benefit from a broad overview of the rules
You will also be provided with:
- Access to watch the Live Webinar
- Opportunities to ask real time questions to the presenter/s
- Poll questions to test your knowledge
- Access to On Demand recording, which can be viewed multiple times, for as long as required
- Presenters contact details for follow up questions
- CPD Quiz (for On Demand recordings)
- CPD Certificate
- CPD Report – Logged automatically
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
Your presenter
Paul Mills
operates a tax education and tax consultancy business, specialising in corporate tax matters. Prior to setting up his own business, Paul worked in the corporate tax practice at PwC for over 20 years, advising clients on a range of transactions.
During his last seven years at PwC, Paul was responsible for PwC’s national tax technical education program.