Australia: Guide on hybrid mismatch rules; new case studies on offshore tax evasion
Hybrid mismatch rules largely follow the OECD hybrid mismatch and branch mismatch rules from Action 2
New case studies on offshore tax evasion
The Australian Taxation Office (ATO) released a guide on how Australia’s hybrid mismatch rules work and when they apply.
According to the ATO, Australia's hybrid mismatch rules largely follow the Organisation for Economic Cooperation and Development (OECD) hybrid mismatch and branch mismatch rules from Action 2 of the OECD base erosion and profit shifting (BEPS) action plan.
The ATO also released two new case studies on how it detects and disrupts illegal offshore tax arrangements.
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