Building confidence: Corporate tax avoidance update
Building confidence has been updated to outline our continued focus this year on corporate tax avoidance.
Before a Senate Estimates committee on 10 February 2016, Commissioner of Taxation, Chris Jordan, conveyed to multinationals and large businesses that we will take firm action against those who deliberately seek to avoid their tax obligations.
Our focus this year includes:
- implementation of the Multinational Anti Avoidance Legislation (MAAL) and Base Erosion and Profit-Shifting (BEPS) action plan
- e-commerce arrangements
- thin-capitalisation manipulation
- related-party financing
- offshore hubs.
Building confidence complements the priorities and activities outlined in the ATO corporate plan 2015–19. We will provide regularly updated information to show how we are assuring the integrity of the tax and super systems.
Building confidence has been updated to reflect our continued focus on corporate tax avoidance.