Joint submission from the Taxation Institute of Australia, the Institute of Chartered Accountants in Australia, CPA Australia, Taxpayers Australia Inc and the National Institute of Accountants regarding TD 2004/D84 Income tax: does subsection 23AG(2) of the Income Tax Assessment Act 1936 apply where foreign earnings are exempt from tax in a foreign country for a reason listed in that subsection as well as a reason not listed?
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