House of Representatives

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015

Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
Action 13 report The G20 and Organisation for Economic Co-operation and Development's 2014 publication, Guidance on Transfer Pricing Documentation and Country-by-Country Reporting
ATO Australian Taxation Office
BEPS Base Erosion and Profit Shifting
BEPS Action Plan The G20 and Organisation for Economic Co-operation and Development's Action Plan on Base Erosion and Profit Shifting
CbC Country-by-Country
Commissioner Commissioner of Taxation
GST Goods and services tax
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
OECD Organisation for Economic Co-operation and Development
PE permanent establishment
TAA 1953 Taxation Administration Act 1953
Transfer Pricing Guidelines Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations