The Australian Taxation Office (ATO) has reviewed the principles it uses to interpret a tax treaty following a number of cases which have put treaty interpretation in the spotlight.
The ATO’s latest episode in its “interpretation Now!” series aims to increase awareness about the tax agency’s view of statutory interpretation and follows recent Federal Court decisions.
The ATO makes eight key points that broadly put emphasis on the overarching objectives of income tax treaties—the avoidance of double taxation (on specified types of income) and addressing fiscal evasion.
Read more from the KPMG member firm in Australia on the KPMG Tax Now website
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