Published on 24 Sep 09
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The global push for the greater exchange of tax-related information and increased co-operation between tax authorities will change the international tax landscape and pose challenges for taxpayers around the world.
This paper covers:
- where Australia stands on Article 26 of the OECD Model Convention and tax information exchange agreements
- the possible end of banking and corporate secrecy
- the ATO's involvement in bodies such as the Joint Tax Shelter Information Centre (JITSIC) and OECD projects aimed at tax co-operation and removal of harmful tax practices
- assistance in the collection of foreign taxes - in Australia and other countries
- challenges for taxpayers in dealing with foreign tax law issues.
Ken is a Partner in the Sydney office of Mallesons Stephen Jaques where he practices in income taxation law. Ken's practice focuses on the taxation aspects of banking and finance transactions. Ken has a particular emphasis on cross-border financing and investment, infrastructure project and real property financing and asset financing.
- Current at
30 August 2011