“Negative income” adjustment, RWT credit, time bar

Income Tax:  Whether the Taxpayer is entitled to a “negative income” adjustment as a consequential adjustment to avoid double taxation.  Whether the time bar applies.  Whether the Taxpayer is entitled to the resident withholding tax (RWT) credit it claimed.  Whether the net loss amount should be adjusted.

Tax Information Bulletin Vol 34 No 7, August 2022

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