Published on 13 Sep 03
by VICTORIAN DIVISION, THE TAX INSTITUTE
The Australian Taxation Office's (ATO's) June release of its Large Business and Tax Compliance Policy reinforces transfer pricing as a continuing area of major focus. Some may even consider the ATO's views to be extremely aggressive. Using case studies, this paper explores hot topics currently receiving the ATO's attention, such as:
- whether Australian intellectual property is receiving adequate reward and recognition. Is this a risk or an opportunity?
- where functions or risks are moved out of Australia, what effect should this have on profit?
- representative office or distributor? What does this mean?
- what is the position on customs duty paid where the ATO adjusts a company's transfer prices?