ATO targets international profit-shifting arrangements – 29 April 2016

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ATO targets international profit-shifting arrangements

Tax insights

The Australian Taxation Office (ATO) released four Taxpayer Alerts in April as a result of the ATO actively reviewing certain arrangements used by multinationals and large companies operating in Australia.

The four Taxpayer Alerts address the following:

  • TA 2016/1: Inappropriate recognition of internally generated intangible assets and revaluation of intangible assets for thin capitalisation purposes
  • TA 2016/2: Interim arrangements in response to the Multinational Anti-Avoidance Law (MAAL)
  • TA 2016/3: Arrangements involving related party foreign currency denominated finance with related party cross currency interest rate swaps 
  • TA 2016/4: Cross-border leasing arrangements involving mobile assets.

ATO targets international profit-shifting arrangements
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