The Australian Parliament has passed legislation implementing the OECD/G20 Pillar Two framework, effective 1 January 2024. This global minimum tax establishes a 15% effective tax rate for multinational enterprises (MNEs) with global revenues exceeding €750 million, targeting profit-shifting and ensuring consistency across jurisdictions.

Manchester City have been accused of breaching Financial Fair Play and now face 115 charges. We have analysed publicly available data from a Transfer Pricing perspective. 

The long running and high profile Ampol transfer pricing case has recently settled and it has been reported that they are paying the Australian Tax Office (ATO) $157 million.
 
This case has highlighted the importance of organisations operating within Transfer Pricing requirements.  Find out what our specialist has to say.

The taxation of intangible assets is a complex area of taxation and further complexity is added where there are international related party dealings in respect to these assets. Significant legislative and interpretative changes are being made in relation to the taxation of intangibles which impact taxpayers.