Australia: a good place for business, a bad place for tax avoidance
Quote
"As noted in our Compliance program, which in contrast to most tax administrations globally, we continue to publish, we have concerns about profit shifting - including tax driven business restructuring to appear to move functions offshore while leaving the underlying economic arrangements largely as they were."
Commissioner Michael D’Ascenzo’s address to the
Asia-Oceania Tax Consultant’s Association (AOTCA)
Annual International Tax conference, Sydney,
Thursday 25 November 2010
Australia: a good place for business, a bad place for tax avoidance