A series of reports (June 2015) contains Board of Taxation recommendations including its review of the arm’s length debt test in the thin capitalisation rules.
Currently, taxpayers can rely on the arm’s length debt test rules if their gearing levels for their Australian operations exceed the safe harbour debt levels.
Five key recommendations of the Board of Taxation are:
Read a June 2015 report prepared by the KPMG member firm in Australia: Arm’s Length Test: 5 key Board of Taxation recommendations
This week, the KPMG member firm in Australia hosted a panel event to discuss the current heightened global focus on the tax performance of multinationals arising from the recent and proposed changes affecting multinationals, including:
The panel members provided key practical tips and insights on the following topics:
Read a June 2015 report prepared by the KPMG member firm in Australia: Changing Landscape of Transfer Pricing and Tax Controversy - what does this mean for you?