The Situation: The Australian Federal Parliament has passed the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 ("Act"), some six years after a bill to create a 'failure to prevent' foreign bribery offence...more
The Commonwealth Senate Economics Committee (a standing committee composed by members of the upper house of Parliament) handed down its long-awaited final report on corporate tax avoidance in Australia. The final report is...more
On 6 December 2017, Australia's Federal Government tabled the Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017 ("Bill"), which contains various amendments to Australia's foreign bribery regime, including...more
12/22/2017
/ Amended Legislation ,
Anti-Bribery ,
Anti-Corruption ,
Australia ,
Bribery ,
Due Diligence ,
Foreign Investment ,
Foreign Relations ,
Joint Venture ,
OECD ,
Risk Assessment ,
Self-Reporting ,
UK Bribery Act
On 6 December 2017, the Commonwealth Government announced its intention to significantly reform Australia's existing anti-foreign bribery regime.
The Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017, now...more
As part of a wide-ranging crackdown on multinational tax avoidance, the Australian Federal Government and the Australian Tax Office have introduced significant reforms to the country’s transfer pricing regulations. The...more
12/5/2017
/ Arms Length Transactions ,
Australia ,
Australian Tax Authority ,
Corporate Taxes ,
Diverted Profits Tax ,
Foreign Tax ,
International Tax Issues ,
Multinationals ,
New Rules ,
OECD ,
Tax Avoidance ,
Transfer Pricing