After a series of court losses suffered by the Commissioner of Taxation, Australia's general anti-avoidance regime (GAAR), part IVA, looks set to undergo a significant modification to its scope and application. Mark Friezer and John Boyagi of Clayton Utz explore the reasons motivating the reform and why taxpayers need to keep track of the changes.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Ireland’s Department of Finance reported increased income tax, VAT and corporation tax receipts from 2024; in other news, it’s understood that HSBC has agreed to pay the French treasury to settle a tax investigation
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two