TaxCorporate TaxAussie mining tax could breach treaty

Aussie mining tax could breach treaty

Mining tax could face international challenge

Foreign firms may take action against the Australian Government’s 40% mining
tax under the terms of bilateral treaties, The Daily Telegraph reports.

Australian prime minister Kevin Rudd introduced the tax last week in a bid to
curb so-called “super profits” by mining companies, which he said are owned by
shareholders outside Australia.

The Telegraph quotes Alex Baykitch, a partner in the Sydney office of Holman
Fenwick Willan, who said legal action could be take under bilateral investment
treaties (BIT) signed with nations including China.

“[This] is a classic example of a potential breach of a host state’s
obligations under a BIT”, Baykitch said.

Read the full story:
Australian
tax could breach treaty with China

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter