ATO Releases Guide on Tax implications of Inter-bank Offered Rate (IBOR) reform

The Australian Taxation Office (ATO) has released a guide explaining the common tax implications of changes made to financial arrangements due to Inter-bank Offered Rate (IBOR) reform.

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Inter-bank Offered Rate (IBOR) reform

Reforms to the Inter-bank Offered Rate (IBOR) may have tax implications for business where changes are made to existing financial arrangements.

About IBOR reform

Find out about the background to IBOR reform and who should use this guide

LIBOR and Australian ben…