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Taxation2018-07-09T15:41:34+00:00

Sham Loans

Sham Loans The Commissioner of Taxation in two recent tax cases (Millar[1] and Normandy Finance[2]) and Liquidators in BCI Finances[3] (supported by the Commissioner of Taxation), have had success in alleging certain loans were shams. This had the effect that in the tax cases, that [...]

June 1st, 2017|Taxation|

Australian Diverted Profits Tax ("DPT")

Australia has followed the UK path of pre-empting the implementation of the OECD’s Base Erosion and Profit Shifting (BEPS) final reports dated 5 October 2015 which deals with international tax avoidance alleged against by the likes of Google and Amazon. The UK introduced its Diverted Profits Tax with effect from [...]

September 6th, 2016|Taxation|

Australian Diverted Profits Tax (“DPT”)

Australia has followed the UK path of pre-empting the implementation of the OECD’s Base Erosion and Profit Shifting (BEPS) final reports dated 5 October 2015 which deals with international tax avoidance alleged against by the likes of Google and Amazon. The UK introduced its Diverted Profits Tax with effect from [...]

September 6th, 2016|Taxation|