Treasury [on Mon 16.3.2015] issued a proposal paper seeking comments on possible options identified in the Multiple Entry Consolidated (MEC) group tripartite review. Following the recommendations of the review, in the 2014-15 Budget, the Government asked Treasury to consult on a possible amendment to improve the integrity of the tax system by extending a modified form of the unrealised loss rules to MEC groups. The Government also asked Treasury to consult on selected announced but unenacted measures that the Government had referred to the tripartite review. The purpose of the paper is to seek stakeholders’ views on the proposals.

COMMENTS are due by 20 April 2015.

[LTN 50, 16/3/15]