Australian Taxation Office

New or updated materials on ATO website, including:

Transfer pricing and CbC reporting

This Tax Insights publication provides an overview of the draft law released last week to implement the new Organisation of Economic Cooperation and Development (OECD) transfer pricing documentation standards in Australia, including Country-by-Country, Master File and Local file reporting.

LegalTalk

This LegalTalk publication highlights recent Federal Court decisions concerning agency distributions models and the potential application of Australia's competition and consumer laws.

Innovation

The transcript of a public hearing in Melbourne last week by the Senate Economics Reference Committee in relation to its inquiry into Australia's Innovation System is now available. Academics and industry representatives were questioned on a range of issues including the effectiveness of the R&D tax incentive and various 'patent box' regimes around the world.