In media release No 2013/062, issued 3 May 2013, the Assistant Treasurer and Minister Assisting for Deregulation, David Bradbury, announced the release for public consultation of an issues paper on multinational profit shifting.
The Assistant Treasurer said that the paper looks at the broader issues surrounding multinational profit shifting and has been developed in consultation with experts from the community sector, academics, business and the tax profession on the Specialist Reference Group.
The purpose of the paper is to seek views of stakeholders and the community more broadly to ensure the analysis in the paper captures and addresses the key issues. The paper outlines the challenges that changes in the global economy pose to the international tax system.
The closing date for submissions is Friday, 31 May 2013.