TOP TIPS: Taking note of Australia’s scrutiny on tax avoidance
Paul Drum, head of business and investment policy of CPA Australia, spotlights on transfer pricing risks arising from Australia’s renewed pledge to clamp down on profit shifting and tax avoidance.
Profit shifting is high on the agenda for all G20 countries and is subject to further discussions at the 2013 and 2014 G20 meetings. In light of this, Australia introduced a new reform targeting base erosion and profit shifting in February this year.
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