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Using ILAC Structure answer ' Question B2 : The general rules relating to tax losses and claims against future taxable income have been modified by
Using ILAC Structure answer 'Question B2:
The general rules relating to tax losses and claims against future taxable income have been modified by certain tests for company taxpayers. (15 Marks)
Explain the need for such modifications to the general rules on tax losses. Discuss in detail
the tests imposed on company taxpayers with reference to decided case law and ATO
pronouncements.'
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