Knowledge@ASB - Foreign Investment: Is Australia's Tax Appeal for Private Equity Players Now Under Threat?

The deep uncertainty for foreign investors in Australia following the federal government's announcement of the resources super profits tax is potentially harming the nation's reputation as a premier investment destination. Now fuelling concerns is the deferral of a final ruling on the tax treatment of foreign private equity profits. Will this also threaten Australia's appeal to offshore investors? The taxation of private equity has long been a controversial topic around the world. And offshore private equity players are keenly focused on what happens next.