Toughening the Multinational Anti-Avoidance Law, closes on Friday 23 February 2018.

The Multinational Anti-Avoidance Law took effect from 1 January 2016 and prevents multinationals from escaping Australian tax by using artificial or contrived arrangements to avoid having a taxable presence in Australia. This new legislation seeks to strengthen its integrity by preventing large multinationals from using foreign trusts and partnerships in corporate structures to avoid its application.

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