House of Representatives

International Tax Agreements Amendment Bill (No. 2) 2007

Explanatory Memorandum

(Circulated by authority of the Attorney-General, the Honourable Philip Ruddock MP)

Most favoured nation clauses require a country to enter into negotiations with a view to providing similar treatment to its treaty partner if it subsequently agrees with a third country to a certain specified tax treatment.

Source: Department of Foreign Affairs and Trade.

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