Summary
Amends the:
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to: the tax treatment of dividends received by foreign-owned branches; and changes to the controlled foreign companies rules;
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
in relation to tax treatment of Australian branches of foreign financial entities;
Fringe Benefits Tax Assessment Act 1986
,
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to cross-border employee shares and rights; and
New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004
to make a technical correction to an application rule.