The Treasury’s Scoping Paper on Risks to the Sustainability of the Corporate Tax Base: Precursor to (Tax) Regime Change or Still Simply a Distant Galaxy Many Light Years Away?

In July 2013, the Australian Treasury released a Scoping Paper titled “Risks to the Sustainability of Australia’s Corporate Tax Base”. The authors summarize the main issues raised in the Paper, comment on a number of aspects of the Treasury’s position, consider whether the Paper foreshadows a significant tax regime change and suggest that dealing with the various issues by way of multilateral action may not be a straightforward process.