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Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

  •  - Open6 days left to have your sayExposure Draft

    On 27 March 2018, the Government announced a package of measures to address risks to the corporate tax base posed by stapled structures and similar arrangements and limit access to concessions currently available to foreign investors for passive income. The Government has today released for public consultation the first stage of exposure draft legislation and […]

  •  - ClosedExposure Draft

    The Government announced in the 2016-17 and 2017-18 Budgets that it would implement the Organisation for Economic Co operation and Developmentā€™s (OECD) rules aimed at eliminating double non-taxation benefits from hybrid mismatch arrangements which exploit differences in the tax treatment of an entity or instrument under the laws of two or more tax jurisdictions. On […]

  •  - ClosedDraft Legislation

    The Government announced in the 2017-18 Budget that it would toughen the Multinational Anti-Avoidance Law. The MAAL took effect from 1 January 2016 and prevents multinationals from escaping Australian tax by using artificial or contrived arrangements to avoid having a taxable presence in Australia. This new legislation will strengthen the integrity of the MAAL by […]

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