Scoping paper released on risks to the sustainability of Australia’s corporate tax base

Tax Controversy & Dispute Resolution ()

Following the recent Organisation for Economic Co-operation and Development (OECD) Base Erosion Profit Shifting (BEPS) Action Plan, the Australian government has responded quickly with Treasury’s release of its Risks to the Sustainability of Australia’s Corporate Tax Base – Scoping Paper on 24 July 2013. The Scoping Paper sets out the Treasury’s assessment of the risks facing Australia’s corporate tax system as a result of BEPS and makes recommendations on actions Australia should take to address these risks.