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Proposals Paper - Options to Codify the Tax Treatment of Sovereign Investments


Wednesday, 20 April 2011

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On 20 April 2011, the Assistant Treasurer released a consultation paper that sets out the proposed options to legislate into the tax laws the tax treatment of sovereign investments. The legislation of this tax treatment will clarify and provide certainty as to the Australian tax consequences for certain investments made by foreign governments and the withholding obligations for Australian residents.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 20 May 2011

Address written submissions to:
International Tax Projects Unit
International Tax and Treaties Division
The Treasury
Langton Crescent
Email: SovereignImmunity@treasury.gov.au

For enquiries, please call Kristy Baker (02) 6263 2708 or Taylor Black (02) 6263 2073.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Proposals Paper - Options to codify the tax treatment of sovereign investments  143.92kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Proposals Paper - Options to codify the tax treatment of sovereign investments  1,796.33kb

Related Items:

Submissions: Proposals Paper - Options to Codify the Tax Treatment of Sovereign Investments - 31/08/2011

Treasury received eleven submissions in response to its proposals paper for options on the legislative design of the tax treatment of sovereign investments. Five of these are public submissions and six are confidential. The public submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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