Source: Taxation In Australia Journal Article
Published Date: 1 Jul 2012
The term “sovereign risk” originally referred to the risk that a government might default on its debt or loan obligations. More recently, the term has come to have a wider meaning and, typically in this wider context, it involves changing the rules in the middle of the game so that people who have made investment decisions and structured their enterprise on the basis of the assurances as to what the government will do find that those assurances have proven valueless. In the author’s view, Australian taxation policy unfortunately now exhibits many features of this broader concept of sovereign risk.
Among these are taxes imposed contrary to specific undertakings, retrospective legislation, unknown legislative rules, inappropriate considerations being taken into account in legislative policy, and the changed treatment of existing long-term investments. Recent developments in each of these aspects of taxation governance are considered in turn in this article.
Are tax havens dead? - Presentation 18 Mar 2015
Are tax havens dead? - Paper 18 Mar 2015
Is Australia becoming a sovereign tax risk? - Paper 02 May 2013
Is Australia becoming a sovereign tax risk? - Presentation 02 May 2013
The so-called carbon tax: Is the law a law with respect to taxation? - Journal 01 Oct 2012
Some aspects of administrative penalties under the Taxation Administration Act 1953 - Journal 01 Aug 2012
Recent developments in transfer pricing - Presentation 25 Nov 2010
Tax and climate change - New horizons for tax practitioners - Paper 16 May 2008
Tax & climate change - New horizons for tax practitioners - Paper 13 Apr 2008
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.