Daily Archives: November 3, 2019

OECD proposes a ‘Unified Approach’ to taxation of multi-national’s income that might well succeed – allowing destination jurisdictions to tax local sales without any physical presence

On Tuesday 15 October 2019, the Australian Financial Review published an opinion piece, by contributor: Grant Wardell-Johnson, entitled: Global tech needs a global tax. There is a path now. This comments on the consultation document issued by secretariat of the OECD’s Task Force on the Digital Economy, for a Unified Approach in modifying the current international…

OECD announces a system for global allocation of taxing rights, to include the local market jurisdiction – it might well get up (anyone remember of the friendless ‘Unitary tax’ in the 1980’s?)

On Friday 11 October 2019, the Australian Financial Review published an article by Tom McIlroy, Global tax rewrite is good news for Australia. This is a really significant development. See below for this article. FJM  3.11.19 [Tax Month – October 2019]      

Glencore transfer pricing victory in the Federal Court – Commissioner appeals his loss

On 7 October 2019, the Australian Financial Review published an article, by Tom McIlroy, entitled: ATO appeals $92m Glencore transfer price ruling. This is a reference to the Federal Court transfer pricing decision, in favour of the taxpayer, by Her Honour Justice Davies: Glencore Investment Pty Ltd v CofT [2019] FCA 1432 on 3 September 2019 (see…