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Beyond our shores – review and implications of Australia’s global tax transparency campaign

Published on 01 Jul 10 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Australia’s global tax transparency campaign is gathering pace, as evidenced by the updating of the Exchange of Information Articles in Australia’s tax treaties, the expansion of Australia’s Tax Information Exchange Agreement network and the Commissioner’s recent request for information from banks and financial institutions in relation to Australian resident taxpayers’ offshore accounts. This article details the developments in the campaign and considers the implications for Australian tax practitioners and taxpayers.

Author profiles:

Adrian VARRASSO

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Piotr KLANK

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