UK HMRC has published the synthesized text of the 2003 tax treaty with Australia as impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The synthesized text was prepared in consultation between HMRC and the Australian Taxation Office and represent their shared understanding of the modifications made to the treaty by the MLI. The provisions of the MLI are effective for the Australia-UK treaty:
- With respect to taxe…