House of Representatives
Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013
Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| CFC | Controlled Foreign Company |
| Commissioner | Commissioner of Taxation |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1953 | International Tax Agreements Act 1953 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| OECD | Organisation for Economic Cooperation and Development |
| OECD Guidelines | OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations as approved by the Council of the OECD and last amended on 22 July 2010 |
| PE | permanent establishment |
| TAA 1953 | Taxation Administration Act 1953 |