House of Representatives
International Tax Agreements Amendment Bill (No. 2) 2007
Explanatory Memorandum
(Circulated by authority of the Attorney-General, the Honourable Philip Ruddock MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| Agreements Act | International Tax Agreements Act 1953 |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CSIRO | Commonwealth Scientific Industrial Research Organisation |
| GATS | General Agreement on Trade in Services |
| GST | goods and services tax |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MFN | most favoured nation |
| OECD | Organisation for Economic Co-operation and Development |
| OECD Model | OECD Model Tax Convention on Income and on Capital |
| the 1997 Finnish Protocol | the Protocol to Amend the Agreement between Australia and Finland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (signed on 5 November 1997) |
| the existing Agreement | the Agreement between Australia and Finland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income , and its associated Protocol (signed on 12 September 1984), as amended by the 1997 Finnish Protocol |
| the Protocol | the Protocol to the Agreement between the Government of Australia and the Government of Finland for the Avoidance of Double Taxation with respect to Taxes on Income and the Prevention of Fiscal Evasion (signed on 20 November 2006) |
| this Agreement | the Agreement between the Government of Australia and the Government of Finland for the Avoidance of Double Taxation with respect to Taxes on Income and the Prevention of Fiscal Evasion and its associated Protocol (both signed on 20 November 2006) |
| UK | United Kingdom of Great Britain and Northern Ireland |
| US | United States of America |