The Cruellest Month

Statement: A Found Poem

This practice statement
is a comprehensive guide
to the Australian Taxation Office's
Advance Pricing Arrangement Program.

It explains the principles
and procedures of the Advance
Pricing Arrangement (APA)
Program to taxpayers, advisors
and our staff. This practice statement

replaces Taxation Ruling TR 95/23
Income tax: transfer pricing - procedures
for bilateral and unilateral
advance pricing arrangements . . .

(My mind has slammed
shut like a clam, or
wandered onto other tracks;
yes, it is a privelege to pay tax,
so take my twenty percent
and save the world - but don't
make me do the paperwork,
or expect me to take in the details,
more below -)

. . . . and its members have recognised
the significance of transfer pricing
and agreed that the arm's length principle
is the international transfer pricing standard
that should be used for tax purposes.




April 15—your take on taxation this year