1. PROTECT YOUR LOSSES.
- Author
-
Pizzacalla, Mark
- Subjects
- *
BUSINESS losses , *HOTEL management , *BUSINESS finance , *MANAGEMENT - Abstract
The article focuses on approximately 20 million U.S. dollars carried-forward losses incurred by Shangri-La Hotel & Resorts in Sydney, New South Wales. It notes that the losses was incurred when all the shares of the company was decided to be sold; however, it was brought its operation in house thereafter. It discusses the implications of the case to taxpayers and reveals the distinction between continuity of ownership test (COT) and same business test (SBT).
- Published
- 2009