Multinational Anti Avoidance Law (MAAL) & Part IVA
Date
2017
Authors
Bruce, M.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Conference paper
Citation
Presented at the Annual Tax Continuing Professional Development Seminar, 2017, pp.1-12
Statement of Responsibility
Max J. Bruce
Conference Name
Annual Tax Continuing Professional Development Seminar (24 Feb 2017 - 24 Feb 2017 : Adelaide University, South Australia)
Abstract
The Government recently introduced the Multinational Anti-Avoidance Law as part of the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 (MAAL); the Legislation having taken effect as of 11 December 2015. The intention of this legislation is to moderate the erosion of the Australian Tax base by preventing multinationals from utilising artificial or contrived arrangements to avoid the attribution of business profits to Australian subsidiaries. At the time of writing there is currently no case law regarding the new legislation and what impact the new legislation has on strengthening the tax base remains to be seen. This paper will analyse the new legislation, consider the potential interpretation of the new provisions as they fit within the existing legislation and hypothesise how the MAAL is likely to be administered.
School/Discipline
Dissertation Note
Provenance
Description
“Analysis of legislation; comparison with general anti-avoidance provisions, consideration of potential interpretations and administration”
Access Status
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Author has full copyright