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Commissioner successful in SingTel appeal This decision highlights the importance of having comprehensive, relevant commercial and economic evidence to support transfer prices of related party transactions, as outlined by Sean Madden and Kristie Schubert. The Full Federal Court judgement relating to the appeal from the 2021 decision in Singapore Telecom Australia Investments Pty Ltd v Commissioner of Taxation was handed down today, with Justice Wigney, Justice Banks-Smith, and Justice Colvin finding in favour of the Commissioner of Taxation. The case related to AUD (Australian dollars) $5.2 billion of cross-border related party Loan Notes provided by SingTel to Australian head company Singapore Telecom Australia Investments Pty Ltd (STAI), wh... Sign in below or register now to read the full article |
Authors: Sean Madden, Kristie Schubert Published Date: 08 March 2024 |
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