The Australian Taxation Office (ATO) has launched a public consultation on a new draft Schedule 2 to Practical Compliance Guideline 2017/4, which covers the ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions. Schedule 2 covers specific risk indicators for related party derivative arrangements.
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The new draft Schedule 2 to PCG 2017/4 was recently released for public consultation.
This guidance addresses t…