The High Court has issued a decision on the treatment of cross-border hybrid securities, unanimously overturning the judgment of the Full Federal Court, and allowing the holder of these securities to enjoy the benefits of the imputation system. This Tax Brief analyses the judgment and considers some of its implications for innovative financing instruments. For our full Tax Brief - click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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