Public Register of Beneficial Ownership

By Toby Eggleston and Graeme Cooper Treasury has released a Consultation Paper outlining a second attempt to establish a publicly-accessible register recording the beneficial ownership of certain types of legal entity formed in Australia. About 3 million unlisted companies and unlisted registered managed investment schemes are expected to be affected by the measure, Listed entities do … Read more

Australia’s Budget 2022-23

By Toby Eggleston, Nick Heggart, Ryan Leslie and Graeme Cooper The first Budget of the new ALP Government contained only one tax surprise for the business community, as well as some additional details on the proposed changes to the thin capitalisation regime and the deductibility of royalties. But it serves as a reminder of the … Read more

Tax Insight: Progress on BEPS 2.0

By Toby Eggleston, Nick Heggart, Ryan Leslie and Graeme Cooper The clock is ticking on enacting the BEPS 2.0 measures, aimed at re-fashioning the international tax order. Treasury has finally begun the consultation process on how Australia should go about implementing the measures, and the OECD has just released a progress report and another 200-page … Read more

Tax Insight: ATO’s Taxpayer Alert on Treaty Shopping

By Toby Eggleston, Hugh Paynter, Professor Graeme Cooper The ATO has released a new Taxpayer Alert [TA 2022/2] on treaty shopping arrangements, in particular: “arrangements designed to obtain the benefit of a reduced withholding tax … rate … in relation to royalty or [unfranked] dividend payments from Australia.” Read more