Assignment sample solution of TAX404 - International Taxation

Explain the key principles of international taxation in Australia, focusing on the taxation of foreign income, transfer pricing rules, and the application of double tax treaties. Discuss the role of controlled foreign corporations (CFCs) in Australian tax law, and analyze how Australian tax residents are taxed on their foreign income. Additionally, evaluate the impact of the foreign income tax offset (FITO) and thin capitalization rules on multinational corporations operating in Australia.