Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 3 of 3 results for "OBU"

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... which allows its assessable offshore income after costs to be taxed at 10%, while the domestic income is taxed at 30%. The OBU regime has been in place since 1992. In 2018 the OECD's Forum on Harmful Tax Practices raised concerns including about the ...

Frydenberg outlines tax changes

ALEX BURKE  |  MONDAY, 22 JUN 2015
... Specifically, the Tax and Superannuation Laws Amendment (2015 Measures No.1) Bill 2015 streamlines the Offshore Banking Unit (OBU) regime to include commodities trading, leasing and securities lending and repurchasing agreements, while excluding trading ...

Macquarie loses court battle with ATO

JAMES FERNYHOUGH  |  FRIDAY, 6 SEP 2013
... Federal Court battle with the Australian Tax Office (ATO) over a tax dispute relating to Macquarie's offshore banking unit (OBU) income allocation. Macquarie had been seeking to prevent the ATO from conducting a retrospective audit of Macquarie's offshore ...
PAGE:
1