Australia Issues Tax Alert on Multiple Entry Consolidated Groups Avoiding Capital Gains Tax through Intra-Group Debt

The Australian Taxation Office has published a release announcing the issuance of a Taxpayer Alert on its review of arrangements used by multiple entry consolidated groups to avoid capital gains tax through intra-group debt.

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Taxpayer Alert – MEC groups

We have recently issued Taxpayer Alert TA 2019/1 Multiple Entry Consolidated (MEC) groups avoiding CGT through intra-group debt.

This Taxpayer Alert highlights our concern about arrangements that involve non-resident taxpayers using i…