Our latest insights

Supply chain pressures are not unique to multinational enterprises (MNEs). But when combined with trade protectionism measures, evolving international tax policies, and technological disruption, the current global pandemic has created the perfect storm. The COVID-19 crisis has had an unprecedented impact on international supply chains – from delays in production and logistics, through to loss of confidence in global networks, supply chains have been well and truly tested.

Due to COVID-19 many businesses are considering what broader changes are needed to their corporate structures.

On 5 April 2019, the ATO released Draft Taxation Ruling, TR 2019/D2 to clarify how entities should utilise the ALDT (“the ALDT Draft Ruling”). This ruling applies retrospectively.

The Tax Law Amendment (Combating multinational Tax Avoidance) Bill 2015 (“MAAL”) casts the spotlight onto corporate activity that encourages the reduction of tax liabilities in Australia.

The Australian Government has continued its push for transparency on how Significant Global Entities (SGE) organise their operations and tax affairs.

E-Commerce has brought unprecedented freedom for retailers to sell, package and distribute their products wherever and to whomever they want. However, major reforms to the way global businesses are taxed, following release of the G20's Base Erosion and Profit Shifting (BEPS) action plan, are about to change what an efficient supply chain looks like.

The speed of change and intensity of scrutiny have forced tax to the top of the boardroom agenda. It’s vital that you and your boardroom colleagues take the lead in managing the pricing, compliance, risk communication and reputational issues thrown up by this complex and uncertain environment. So how can you get on top of this whirlwind of change?

BEPS is here to stay, with more than 80 countries now having agreed to adopt at least the minimum elements of the Base Erosion and Profit Shifting (BEPS) Action Plan.