Casenote – High Court Reverses Federal Court’s Decision To Apply Anti-Avoidance Provisions to Hybrid Securities

Journal
Author
Butler, M.; Pengelly, J.; White, L.
Country
Australia
Published Date
Issue
Asia-Pacific Tax Bulletin 2013 (Volume 19), No. 2
FormatPDF
EUR
45
| USD
50 (VAT excl.)

This casenote analyses the recent decision in Mills v. Commissioner of Taxation, where the Australian High Court held that specific anti-avoidance rules did not apply to cancel dividend franking credits otherwise available to the taxpayer and 33,000 other investors.