Published on 01 Nov 11
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
In recent years, the Australian Government has been increasingly focused on encouraging international investment in Australia via changes to the international tax rules and, specifically, the Review of International Tax Arrangements. Some improvements to Australia’s international tax rules have greatly increased the competitiveness of Australian companies with offshore operations, and promoted Australia as a holding company location for corporate groups with an international focus. Further measures are proposed. On the other hand, the Australian Taxation Office takes the view that the risk of tax avoidance is increasing, highlighting a need to be even more vigilant and bring more focus to the anti-avoidance measures in Australian tax law.
This article examines key recent developments and proposed further measures, and the impact of anti-avoidance rules, to ask whether we are doing the most to take advantage of Australia’s favourable position and maximise the available investment into Australia, or whether our decisions are keeping investors wary.
Neil is a Principal of Corporate and International Tax with Deloitte Touche Tohmatsu Ltd.
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01 June 2010