The Australian Taxation Office (ATO) has announced the launch of public consultations on three draft Taxation Determinations concerning aggregated turnover.
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Consultation: Draft TDs on aggregated turnover
We've released three draft Tax Determinations (TDs) to help entities determine whether they are 'connected with' another entity for the purpose of working out their aggregated turnover. Aggregated turnover is relevant to a range of tax concessions, including temporary loss carry back …