Firstly, draft TR 2024/D1 provides the ATO’s views on when cross-border payments related to software arrangements are properly regarded as royalties and thus subject to Australian royalty withholding tax. Generally, the characterisation of ...
Income from Shakira’s El Dorado tour, sales of intellectual property rights and of real estate and financial assets are central to the latest set of charges. Prosecutors allege the singer used offshore companies to underpay taxes on the income raised from these activities. EF...