Objective 1.1

Ease of movement of people, capital, services and data across borders

Action 1.1H

The Government will continue to consider whether Australia’s Double Tax Agreements appropriately support key bilateral trade relationships whilst maintaining tax system integrity.

Department of the Treasury

Industry
recommendation/s
Description
Government response
Related Action/s
6C

Expand the number of Double Tax Agreements, including with major regional financial service hubs, and to support full use of Australia’s networks of Free Trade Agreements.

Noted

Progress to date

In the 2020-21 Budget, the Government announced it will modernise and expand Australia’s tax treaty network over the next five years to eliminate double taxation, settle taxing rights between Australia and other countries and attract foreign investment and skilled workers.

The Government is committing $11.6 million towards delivering a significant expansion of our bilateral tax treaty network. This will reduce the tax burden on cross-border operations for businesses and provide them with greater tax certainty.