Tax Brief - Further developments in the reform of Australia's international tax rules

In 2006, the former Government initiated a comprehensive review of Australia’s four anti-tax-deferral regimes – the controlled foreign company (‘CFC’) rules, the foreign investment fund (‘FIF’) regime, the transferor trust regime (‘TTR’), and the deemed present entitlement (‘DPE’) rules.  These regimes all address the taxation of Australian residents holding interests in offshore companies, trusts and insurance products.  This Tax Brief is about the current state of play in the various parts of that larger project, including the most recent announcement – a third Treasury Consultation Paper on the design of Australia’s future CFC rules. For our full Tax Brief - click here