Australian Taxation Office

New or updated materials on ATO website, including:

Base Erosion and Profit Shifting

  • Following the release of the Organisation for Economic Cooperation and Development (OECD) Final Reports on its Base Erosion and Profit Shifting (BEPS) Action Plan late Monday night, Treasurer Scott Morrison has issued a media release which includes a summary of measures already enacted or currently underway in Australia to tackle issues raised in the OECD's report, and states that "in assessing the implementation of the balance of the OECD recommendations ... the Government will be consulting with stakeholders, foreign governments and the OECD and will pay close attention to ensuring investment activity is not compromised and that Australia remains an economically competitive place to do business."