Exclusive
ATO crackdown on foreign infrastructure investment
Patrick DurkinBOSS Deputy editor
Updated
Major companies and their advisers are shocked by a Tax Office crackdown on a trust structure which they say will double the tax on $10 billion in foreign investment in infrastructure.
The ATO is targeting so-called stapled securities, used for decades in commercial property deals, which have long allowed foreign investors to pay a discounted tax rate of 15 per cent under the managed investment rules.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Tax & super
Fetching latest articles