Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023
The Taxation Committee of the Business Law Section of the Law Council of Australia (the Committee) provided a submission to the Senate Standing Committees on Economics, on aspects of the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 (the Bill).
The Committee comments on the following aspects of the Bill:
- the de minimis threshold for the thin capitalisation rules contained in Division 820 of the Income Tax Assessment Act 1997;1
- the commencement date of Schedule 2 to the Bill;
- Subdivision 820 EAA in the Bill; and
- corporate residency.
Read the full submission below.
1 Unless otherwise noted, all references to legislation are to the Income Tax Assessment Act 1997.
Last Updated on 26/11/2024
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