30 March 2018 Australia proposes changes to taxation of stapled structures The Australian Treasurer announced on March 27, a package of five proposed measures that will: (i) substantially increase the tax on foreign investors in certain stapled structures; (ii) further tighten Australia's thin capitalization regime; and (iii) wind-back exemptions for foreign pension fund and sovereign wealth fund investors. The announcement comes after a significant period of industry consultation and provides much needed direction, but leaves some critical details outstanding that remain to be clarified. Document ID: 2018-0701 |
