Australia: ATO to commence first wave of BEPS focused risk reviews

Tax Insights ()
The Australian Taxation Office’s (ATO) Base Erosion and Profit Shifting (BEPS) team will commence a new compliance initiative known as the International Structuring and Profit Shifting (ISAPS) project. The project, which will involve approximately 120 risk reviews, will focus upon tax issues associated with funding, thin capitalisation, valuations, controlled foreign companies, taxation of financial arrangements and transfer pricing.