OrbitaxATO Publishes Draft Revised Ruling on the Right to Tax Interest Income of Financial Institutions Under U.S. and UK Tax Treaties
|Treaty Development|Australia-United States-United Kingdom
The Australian Taxation Office has published draft Taxation Ruling TR 2005/5DC2 (PDF with tracked changes), which provides extensive guidance on the ascertainment of the right to tax financial institutions under the tax treaties with the U.S. and the UK in respect of interest income arising in Australia. Draft TR 2005/5DC2 includes proposed changes to TR 2005/5 to clarify the ATO's view on as…
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