foreign income tax offset

Foreign Income Tax Offsets | Taxwise Australia | (08) 9248 8124

Court Confirms ATO’s Position On Foreign Income Tax Offsets

By Warren Kruger / March 27, 2020 / 0 Comments

  | | | The ATO has welcomed the decision of the High Court to basically uphold the decision of the Full Federal Court in a case which the ATO won, in relation to foreign income tax offsets (‘FITO’). An Australian tax resident had sold some US investments and paid US tax on the gains. […]

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