Compliance program 2011-12

Foreign residents

We are concerned about capital gains tax planning by foreign residents, including foreign owned consolidated groups, seeking to circumvent the integrity measures that deal with the disposal of land rich property interests.

We are enhancing our ability to identify these and other transactions by monitoring merger and acquisition activity and other data.

We will raise awareness of capital gains tax obligations for foreign residents more generally by improving content on our website and addressing our areas of concern through targeted communications and alerts.

Sections within Large businesses

• Good tax corporate governance
• Working together
• Obtaining certainty
• Cooperative compliance
• Corporate restructures mergers and acquisitions
• Foreign residents
• Inappropriate outcomes involving consolidation
• Profit shifting
• Private equity - exiting Australia
• GST and international and cross-border transactions
• Non-resident withholding tax
• Stapled group financing
• Taxation of financial arrangements (TOFA)
• Financial supplies and GST
• Foreign partnerships
• Black-hole expenditure
• Exploration expenditure
• Tax and capital losses
• Research and development claims
• Property transactions and GST
• Superannuation funds
• Alternative fuels