Australian Tax Office warns foreign investors on compliance
The Australian Taxation Office (ATO) has written to 130 private equity firms offering to “assist with their compliance” as it scrutinizes the pipeline of upcoming IPOs to ensure foreign investors don’t avoid paying local tax.
"We take a regular scan of what the environment is looking like, so we can identify high-risk operations. Private equity is one of the areas we are looking at," Michael O'Neill, the ATO's assistant deputy...
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