Australian Tax Office targets restructurings
October 22, 2007
The ATO is tightening its focus. PwC Australia, in this exclusive article, looks at the implications for taxpayers of its new priorities
The Australian Taxation Office (ATO) has been extremely successful over a number of years in transfer pricing compliance activities. The direct and indirect activity of the ATO has lead to a general increase in the level of taxpayers understanding of transfer pricing risk, particularly at the ‘top end of town’ As a result the ATO is now turning its attention to the small to medium enterprise segment where compliance is perceived to be lower and to specific transfer pricing risks and transactions in the large taxpayer segment.
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