taxnews.ey.comPrint

19 March 2018

Australia's revised exposure draft on hybrid mismatch tax rules discussed

Australia's Treasurer released a revised Exposure Draft, Treasury Laws Amendment (OECD Hybrid Mismatch Rules) Bill 2018 (the RED), on March 7, for public consultation. The RED will implement the Organisation for Economic Co-operation and Development (OECD) October 2015 Report on Base Erosion and Profit Shifting (BEPS) Action 2, Countering the effects of Hybrid Mismatch Arrangements. Submissions in relation to the RED are due by April 4.

A Global Tax Alert, attached below, provides additional details.

———————————————
ATTACHMENT

Document ID: 2018-0598

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement