TAG Tax

On 11 December 2015, parliament passed the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015, dubbed ‘MAAL’ (Multi-national anti-avoidance law), which came into effect from 1 January 2016.

The new law - in a nutshell - seeks to address the issue of multinational enterprises shifting profits offshore and away from an Australian tax base via artificial or contrived arrangements that aim to avoid the attribution of business profits to a taxable presence in within Australia.

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