The Australian Taxation Office (ATO) recently published an updated overview of Australia's domestic tax regime for large corporate groups in terms of anti-avoidance and BEPS. The key aspects of the regime are summarized as follows:
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General anti-avoidance rule
Australia is fortunate to be among the few countries to have the benefit of general anti-avoidance measures. In addition to the many specific rules addressing tax avoidance, we have a robust income tax general anti-avoidance rul…