Treasury is seeking submissions on Australia’s future tax treaty negotiation program. Australia’s 44 bilateral tax treaties generally follow the OECD Model Tax Convention on Income and on Capital, with some variations that are designed to protect Australia’s domestic interests, eg provisions designed to protect Australia’s taxing rights over the exploitation of Australian natural resources.
Public submissions are invited on:
- the countries with which it may be desirable to negotiate or update a tax treaty; and
- the key outcomes Australia should seek in negotiating tax treaties with other countries.
COMMENTS are sought by 8 August 2014
[LTN 132, 11/7/14]