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This article was written by JWS partner Reynah Tang for the 28th Annual LAWASIA Conference 2015. In this article, Reynah examines the implications for trade between Australia and Asia of two recent tax law developments, being the power to reconstruct transactions for transfer pricing purposes based on assessment of their economic substance and the proposed introduction of a multinational anti-avoidance rule to counter attempts to avoid a permanent establishment in Australia.
Asian Century or Asian Haven?