Expanding Australia’s tax treaty network – Key issues – Submission
The Property Council welcomes the opportunity to continue providing industry feedback in relation to Treasury’s consultation on expanding Australia’s tax treaty network, and specifically on the key issues that have been identified as part of the latest round of consultations and submissions.
As noted in our previous submission to Treasury on expanding Australia’s tax treaty network in October of this year, the Property Council supports the Government’s initiative to expand the number of tax treaties in order to cover 80% of foreign investment in Australia and trillions of dollars in Australia’s two-way trade and investment.
Identifying the key issues outlined in the latest Treasury paper is a step in the right direction to negotiating and finalising comprehensive tax treaties with other countries that can provide positive outcomes and tax certainty to investors and businesses.