Australia Tax News

UK limited liability partnerships are foreign hybrids

2 July 2007

Treaty between Finland and Australia presented to Finnish parliament

2 July 2007

Budget for 2007/08 – details

18 June 2007

Protocol to treaty between Australia and New Zealand enters into force

18 June 2007

International tax shelter information centre

18 June 2007

Treaty between Australia and United States – US tax debts not enforceable in

18 June 2007

Discussion draft on application and interpretation of non-discrimination article of OECD Model – details

18 June 2007

Treaty between India and Australia – Indian decision that data processing costs neither taxable as "royalty" nor "business profit"

18 June 2007

Transactions with a foreign branch

28 May 2007

Revised Commentary on Article 7 of OECD Model released

28 May 2007

Tax treaty between Australia and United States – Australia's Federal Court rejects tax treaty override

28 May 2007

Agreement between Australia and the Kingdom of the Netherlands in respect of the Netherlands Antilles on exchange of information relating to tax matters signed

28 April 2007

Final Report on Improving the Resolution of Tax Treaty Disputes

24 March 2007

Treaty between Japan and Australia - negotiations

24 February 2007

Tax Office investigates cross-border hybrid structures

24 February 2007

Report on Attribution of Profits to PEs released

24 February 2007

Clarification of exemptions from interest withholding tax

15 January 2007

Corporate income tax puts Australia's international competitiveness at risk

15 January 2007

Treaty between Australia and Finland signed

17 December 2006

On 1 November 2006, the Treasury released for consultation Discussion Paper on the Interaction of Thin Capitalization Provisions and International Financial Reporting Standards (IFRS). The Paper outlines the need for the current transitional regulations and proposes several options that may be implemented after the transitional regulations expire.

17 December 2006

Helicopter is large enough to be a PE

17 December 2006

Treaty between Australia and Japan to be renegotiated

17 December 2006

Review of CFC and FIF rules

12 November 2006

Treaty between Norway and Australia

12 November 2006

Treaty between Australia and Norway – details

12 September 2006

Treaty between Australia and France – details

13 August 2006

Taxation of Australian residents performing independent services for Italian entity explained

13 August 2006

Protocol to treaty between New Zealand and Australia approved

11 July 2006

Australian Taxation Office explains interaction between tie-breaker clause in treaty between Australia and New Zealand and domestic tax legislation

11 July 2006

Australian treatment of shipping and aircraft leasing profits of UK and US enterprises

11 July 2006