The ATO has advised that it has updated its Building confidence publication to outline its continued focus this year on corporate tax avoidance. Before a Senate Estimates committee on 10 February 2016, the Commissioner conveyed to multinationals and large businesses that the ATO will “take firm action against those who deliberately seek to avoid their tax obligations”.

The ATO said this year’s focus includes:

  • implementation of the Multinational Anti-Avoidance Legislation (MAAL) and Base Erosion and Profit-Shifting (BEPS) action plan;
  • e-commerce arrangements;
  • thin capitalisation manipulation;
  • related-party financing; and
  • offshore hubs.

[ATO website] [LTN 38, 26/2/16]