The Australian Taxation Office has published a release announcing the issuance of a Taxpayer Alert on its review of arrangements used by multiple entry consolidated groups to avoid capital gains tax through intra-group debt. --- Taxpayer Alert – MEC groups We have recently issued Taxpayer Alert TA 2019/1 Multiple Entry Consolidated (MEC) groups avoiding CGT through intra-group debt. This Taxpayer Alert highlights our concern about arrangements that involve non-resident taxpayers using intra-group debt to inappropriately reduce capital gains that would otherwise be taxable upon disposal of their Australian assets. This concern only relates to arrangements with material debt that exceeds...