Clayton Utz Taxation

The Pepsi decision changes the approach for determining if taxpayers are liable to withholding tax in Australia for IP use, particularly where trade marks are involved so multinationals operating in Australia will need to continue reviewing their arrangements to determine their level of risk that royalty withholding tax or the DPT might apply. Read more here: https://ow.ly/6EV950SrqTe

The ATO recently had two losses in the Federal Court, with judgments being handed down in quick succession. Read more about those decisions here: https://ow.ly/Fjq050RQoPZ By Angela Wood and Andy Bubb

Victoria's 2024-25 State Budget brings few taxation measures and more focus on healthcare and education funding. Find out more here: https://ow.ly/200M50ROluM By: Andrew Sommer, Keshni Maharaj, Elizabeth Smith

Our partners Alex Schlosser and Jonathan Donald are pleased to have advised long-standing client ICG on the financing and tax aspects of its acquisition of the Cura Day Hospitals Group. Learn more about our banking and finance practice: https://ow.ly/bVbC50RHJMr Learn more about our tax practice: https://ow.ly/5GSq50RHJMq #claytonutz #acquisitions #finance #tax

Tax Disputes Special Counsel Andy Bubb appeared on Sky News on Sunday to share insights into the Australian Taxation Office's victory over Pepsi in the Federal Court late last year. The case was the first time a court has considered Australia’s diverted profits tax legislation. Andy spoke to the impacts of the decision — one that multinationals in Australia in IP-intensive industries will feel for years to come. Watch the segment here: https://ow.ly/r3AH50R79ZR Read more about the impacts here: https://ow.ly/ez8R50R79ZQ #taxlaw #incometax #transferpricing #taxlitigation #businessweekend

Further changes to the Petroleum Resource Rent Tax Assessment Act on the way. If the changes are passed, PRRT taxpayers should ensure their former PRRT expenditure since the 1 July 2013 PRRT year is compliant with the updated definition of "exploration". Read more https://ow.ly/arPh50R0K3L By Philip Bisset, Laura Sharkey

Following New South Wales dipping its toes into the water, Victoria pushes ahead with tax reform with a bold plan to impose a new tax on commercial and industrial property in lieu of stamp duty. By: Keshni Maharaj, David Wong, Michelle Pham Read more https://ow.ly/W66450QZeKk #StampDutyReform

Following the Federal Court's decision in favour of the ATO in the recent Pepsi tax case, our Tax Disputes Partner Angela Wood and Special Counsel Andy Bubb examine the outcome in an article on 19 December with Bloomberg Tax. Angela and Andy discuss the consequences of the decision for multinationals in IP-intensive industries.   Learn more about how the case might impact multinationals here: https://lnkd.in/g4rCgSmE #advisory #disputes #taxdisputes #claytonutz

Congratulations to our tax disputes specialists for being named Australia's Tax Disputes Firm of the Year at the 2023 ITR APAC Tax Awards.   Read more about what our national practice group leader and tax expert Angela Wood has to say about the team's win: https://lnkd.in/gk4rczk4 #ITRAPACTaxAwards #taxationlaw #claytonutz

We are proud to sponsor the Corporate Tax Association's 2023 National Convention on Monday, 9 October and Tuesday, 10 October.   Our tax dispute specialists Angela Wood and Andy Bubb look forward to opening the program with their session 'The Modern ATO Audit: Everything, Everywhere, All at Once'. Sharing their insights, Angela and Andy will speak to the wide-ranging legal and strategic issues that arise in audits, and practical ways to manage them.   On Day 2, Andrew Sommer is presenting a session 'Global trends in indirect tax: what do they mean for Australia's immutable GST?'. Learn more about our experts: https://lnkd.in/gmCJQjSA #taxationlaw #taxdisputes #indirecttax #claytonutz