On 26 April 2016, the Australian Taxation Office (ATO) announced that it is actively reviewing certain arrangements used by multinationals and large companies operating in Australia to ensure they pay the right amount of tax on income earned in the country. In connection with the announcement, the ATO issued four taxpayer alerts on arrangements of particular concern: Taxpayer alert TA 2016/1 Inappropriate recognition of internally generated intangible assets and revaluation of intangible assets for thin capitalization purposes Taxpayer alert TA 2016/2 Interim arrangements in response to the Multinational Anti-Avoidance Law (MAAL) Taxpayer alert TA 2016/3 Arrangements involving related party foreign...