House of Representatives Committees

| House of Representatives Standing Committee on Economics

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Advisory Report on the Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013

21 March 2013

© Commonwealth of Australia 2013

ISBN 978-0-642-79872-5 (printed version)
ISBN 978-0-642-79873-2 (HTML version)

View the report as a single document - (PDF 651KB)


View the report as separate downloadable parts:

Preliminary pages (PDF 260KB)
 
Chapter 1 Introduction (PDF 198KB)

Referral of the Bill
Origins and purpose of the Bill
Overview
Context of amendments
Prior consultation by Government
The current anti-avoidance regime
The new law
Schedule 2 – Modernisation of the transfer pricing rules
OECD Guidelines
Context of amendments
Prior consultation by Government
Current transfer pricing rules
The new law
Date of Effect
Objectives and scope of the inquiry
Conduct of the inquiry

 
Chapter 2 Issues in the Bill (PDF 240KB)

Schedule 1 – General anti-avoidance rules
Response to court decisions
Analysis
Conclusion
Operation of alternative postulates
Analysis
Conclusion
Alternative postulates and commercial decision making
Analysis
Conclusion
Technical issues
Analysis
Conclusion
Schedule 2 – Modernisation of the transfer pricing rules
Consistency with OECD Guidelines and reconstruction of transactions
Analysis
Conclusion
Time limits to amend assessments
Analysis
Conclusion
Record keeping to support a ‘reasonably arguable’ position
Analysis
Conclusion
Overall conclusion

 
Coalition Members’ Dissenting Report (PDF 83KB)
 
Appendix A – List of Submissions (PDF 32KB)
 
Appendix B – List of reports (PDF 37KB)

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