27 April 2016 Australian Taxation Office issues Taxpayer Alerts on various international tax issues The Australian Taxation Office (ATO) issued four Taxpayer Alerts (TAs) on April 26, in relation to practices being undertaken by certain multinational enterprises (MNEs) where it has concerns about the tax outcomes being sought. The TAs are not formal binding ATO advice, but rather ATO guidance to MNEs involved in these activities that they should seek independent advice in relation to their positions to highlight ATO compliance action with potential penalty exposures and to prepare for ATO examination of the issues and willingness to contest the issues. The TAs are fairly short documents without intensive tax analysis but indicate the concerns on the part of the ATO. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-0760 |
