International tax & business 2018

The times they are a-changing: Recent developments in Australia's international tax rules

Source: The Tax Specialist Journal Article

Published Date: 1 Apr 2018

 

A lot has happened in international tax in 2017. There has been an escalation in new tax developments, with significant changes happening within Australia's international tax rules. Change is likely to continue as states sign up to the various multilateral agreements such as the common reporting standard (CRS) and country-by-country (CbC) reporting and to the multilateral instrument. This article provides an overview of the recent developments and potential changes to come in respect of: transparency and the public disclosure of tax information; taxation informationgathering regimes, which include the CRS, the proposed mandatory reporting regime and CbC reporting; selected transfer pricing developments; and tax treaties, including the impact of the 2017 Multilateral Convention, the 2017 OECD Model Tax Convention on Income and on Capital and the 2016 Australia"Germany comprehensive tax treaty. It is expected that in the foreseeable future, more changes are to come.

Author Profile
Dr Michael Dirkis CTA

Author Profile
Brett Bondfield CTA

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