On 10 December 2020, the Australian Taxation Office (ATO) published an updated version of Practical Compliance Guideline (PCG) 2017/4 on the ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions. PCG 2017/4 provides a framework for taxpayers to assess the tax risk of their related party financing arrangements in accordance with the ATO's risk framework. The update includes minor amendments to reflect 2021 RTP Sch…