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The Tax Institute Submission | Expanding Australia’s Tax Treaty Program

Published on 02 Nov 21 by THE TAX INSTITUTE

The Tax Institute welcomes the opportunity to make a submission to Treasury in relation to the consultation on Expanding Australia’s Tax Treaty Network which opened on 16 September 2021 (Consultation) in light of the announcement by the Treasurer, the Hon Josh Frydenberg, on 15 September 2021.

In the development of this submission, we have consulted with our National Large Business and International (LB&I) Technical Committee to prepare a considered response which represents the views of the broader membership of The Tax Institute.

We appreciate your time in meeting with our LB&I Committee earlier this month and trust that our comments will assist Treasury in the proposed negotiations and in contemplation of Australia’s tax treaty network more broadly.

Tax treaties play an important role in facilitating trade and commerce, and ensuring entities in party jurisdictions are, among other things, not subject to double taxation. From a tax law and policy perspective, The Tax Institute is of the view that the treaties that are currently being negotiated should strive to promote investment and reduce potential distortions or barriers for individuals and
businesses in Australia and our treaty counterparties. To the extent there are integrity concerns, they should be appropriately balanced with the potential economic benefits.

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The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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