On April 28, TEI submitted comments to the Australian Treasury regarding the Treasury’s proposal to deny deductions for certain intangible payments to related entities.
The Institute primarily focused on the inconsistency and prematurity of the proposal given the ongoing Organisation for Economic Co-operation and Development negotiations regarding the global anti-base erosion model rules.
TEI’s comments were developed under the aegis of its European Direct and Asia Tax Committees. Benjamin R. Shreck, TEI tax counsel, coordinated the preparation of the Institute’s comments. Read the comments here.