OrbitaxATO Issues Tax Alerts Concerning Cross-Border Round Robin Financing and the Use of Partnerships to Avoid the Multinational Anti-Avoidance Law
|Approved Changes|Australia
On 15 September 2016, the Australian Taxation Office (ATO) issued two tax alerts on arrangements currently being targeted for review. Links to the alerts and summaries of the targeted arrangements are as follows.
TA 2016/10 - Cross-Border Round Robin Financing Arrangements
The ATO is reviewing cross-border round robin type arrangements that involve funding of an overseas entity or operation…
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