Australian Budget moots clarification of anti-avoidance rules to target BEPS

Australia’s Treasurer Joey Hockey has announced a proposal to amend the Part IVA general anti-avoidance provisions in an effort to ensure it applies to the 30 biggest multi-nationals operating in the country. The major concern is the use of strategies that ostensibly allow big organisations to structure their onshore operations as branches that escape the ‘permanent establishment’ rules. 

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