Strengthening of Australia’s general tax anti-avoidance measure

10 April 2012

The Australian Government has announced its intention to revise the Australia’s general anti-avoidance rules. This will give the ATO greater power to cancel tax benefits arising from arrangements entered into for the dominant purpose of avoiding tax. For more information click here

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

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