Australia's Hybrid International Tax System: Limited Focus on Tax and Development
Miranda Stewart
Australia does not provide tax incentives for investment abroad. However, Australia's participation exemption regime, which exempts business profits returned to Australia, may be viewed as an incentive to invest offshore. The participation exemption allows a tax exemption for active foreign business income of a corporation resident in Australia and for dividends received by an Australian corporation from foreign subsidiaries actively engaged in foreign business. Buttressed by anti-tax avoidance rules, this regime may provide some incentive for investment in developing countries hoping to attract investment by use of various tax incentives. Australia's main inbound and outbound investment is with the United States and the United Kingdom; its main outbound investment in developing countries has been primarily in BRICS, Mexico, and the ASEAN regions.
Taxation and Development - A Comparative Study
Karen B Brown
10.1007/978-3-319-42157-5_2
Dive into the research topics of 'Australia's Hybrid International Tax System: Limited Focus on Tax and Development'. Together they form a unique fingerprint.
Tax System Business & Economics 100%
Tax Business & Economics 44%
Exemption Business & Economics 33%
Tax Incentives Business & Economics 30%
Incentives Business & Economics 28%
Participation Business & Economics 20%
Tax Exemption Business & Economics 17%
Tax Avoidance Business & Economics 16%
Stewart, M. (2017). Australia's Hybrid International Tax System: Limited Focus on Tax and Development. In Karen B Brown (Ed.), Taxation and Development - A Comparative Study (1st Edition ed., pp. 17-41). Springer. https://doi.org/10.1007/978-3-319-42157-5_2
Stewart, Miranda. / Australia's Hybrid International Tax System: Limited Focus on Tax and Development. Taxation and Development - A Comparative Study. editor / Karen B Brown. 1st Edition. ed. Switzerland : Springer, 2017. pp. 17-41
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title = "Australia's Hybrid International Tax System: Limited Focus on Tax and Development",
abstract = "Australia does not provide tax incentives for investment abroad. However, Australia{\^a}€{\texttrademark}s participation exemption regime, which exempts business profits returned to Australia, may be viewed as an incentive to invest offshore. The participation exemption allows a tax exemption for active foreign business income of a corporation resident in Australia and for dividends received by an Australian corporation from foreign subsidiaries actively engaged in foreign business. Buttressed by anti-tax avoidance rules, this regime may provide some incentive for investment in developing countries hoping to attract investment by use of various tax incentives. Australia{\^a}€{\texttrademark}s main inbound and outbound investment is with the United States and the United Kingdom; its main outbound investment in developing countries has been primarily in BRICS, Mexico, and the ASEAN regions.",
author = "Miranda Stewart",
doi = "10.1007/978-3-319-42157-5_2",
editor = "{Karen B Brown}",
booktitle = "Taxation and Development - A Comparative Study",
edition = "1st Edition",
Stewart, M 2017, Australia's Hybrid International Tax System: Limited Focus on Tax and Development. in Karen B Brown (ed.), Taxation and Development - A Comparative Study. 1st Edition edn, Springer, Switzerland, pp. 17-41. https://doi.org/10.1007/978-3-319-42157-5_2
Australia's Hybrid International Tax System: Limited Focus on Tax and Development. / Stewart, Miranda.
Taxation and Development - A Comparative Study. ed. / Karen B Brown. 1st Edition. ed. Switzerland : Springer, 2017. p. 17-41.
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N2 - Australia does not provide tax incentives for investment abroad. However, Australia's participation exemption regime, which exempts business profits returned to Australia, may be viewed as an incentive to invest offshore. The participation exemption allows a tax exemption for active foreign business income of a corporation resident in Australia and for dividends received by an Australian corporation from foreign subsidiaries actively engaged in foreign business. Buttressed by anti-tax avoidance rules, this regime may provide some incentive for investment in developing countries hoping to attract investment by use of various tax incentives. Australia's main inbound and outbound investment is with the United States and the United Kingdom; its main outbound investment in developing countries has been primarily in BRICS, Mexico, and the ASEAN regions.
AB - Australia does not provide tax incentives for investment abroad. However, Australia's participation exemption regime, which exempts business profits returned to Australia, may be viewed as an incentive to invest offshore. The participation exemption allows a tax exemption for active foreign business income of a corporation resident in Australia and for dividends received by an Australian corporation from foreign subsidiaries actively engaged in foreign business. Buttressed by anti-tax avoidance rules, this regime may provide some incentive for investment in developing countries hoping to attract investment by use of various tax incentives. Australia's main inbound and outbound investment is with the United States and the United Kingdom; its main outbound investment in developing countries has been primarily in BRICS, Mexico, and the ASEAN regions.
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Stewart M. Australia's Hybrid International Tax System: Limited Focus on Tax and Development. In Karen B Brown, editor, Taxation and Development - A Comparative Study. 1st Edition ed. Switzerland: Springer. 2017. p. 17-41 https://doi.org/10.1007/978-3-319-42157-5_2