Australia Consulting on Draft Legislation for Improving the Integrity of Stapled Structures

The Australian Treasury has released for public comment draft legislation for improving the integrity of stapled structures. The draft legislation follows the release of the package of measures meant to address tax integrity concerns of stapled structures and the broader concessions available to foreign investors for passive income. The measures are included as part of the Budget 2018-19 ({News-2018-05-09/P/2-previous coverage}). The draft legislation includes measures:

• Taxing trading income…