Sydney, 07 November 2014
The entity highlighted is a funds management business in which Macquarie previously held an interest. The business was located outside Australia, and was neither controlled nor established by Macquarie. The business held assets outside Australia and its other investors were also based outside Australia.
Australia has a comprehensive global tax regime which taxes Australian companies on worldwide income. Macquarie returns all of its income in accordance with these provisions and complies with the taxation provisions of the international jurisdictions in which it operates.