The Acting Commissioner of Taxation made a presentation on 8 October 2007 concerning the approach of the Australian Taxation Office (ATO) in relation to dealings with tax havens. In the presentation, the Commissioner noted that many taxpayers do not fully understand the taxation implications of dealings with tax havens. While recognizing that most transactions with tax havens are legitimate, the ATO is concerned with the lack of transparency in relation to dealings with tax havens. One of the approaches pursued in this respect is concluding TIEAs. To date, Australia has concluded such agreements with Antigua and Barbuda, Bermuda and the...