• Legal database
Legal database
House of Representatives

Taxation Laws Amendment (Foreign Income Measures) Bill 1997

Taxation Laws Amendment (Foreign Income Measures) Act 1997

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

Appendix A

Note
- Active income not subject to tax in a listed country and derived by a CFC resident in a listed country from sources outside that country is taxed on an accruals basis under the CFC measures to ensure that low taxed profits are not repatriated to Australia as exempt dividends.


View full documentView full documentBack to top