Proposed codification of sovereign immunity


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Proposed codification of sovereign immunityOn 20 April 2011, the Assistant Treasurer released a Proposals Paper, Options to codify the tax treatment of sovereign investments, which sets out two policy options for the tax treatment of sovereign investments in Australia.

Deloitte welcomes the greater certainty provided by the Proposals Paper. We are now one step closer to the codification of the tax treatment of sovereign investments in Australia.