Law Council of Australia

Business Law Section

Addressing Profit Shifting Through the Artificial Loading of Debt in Australia

Submission Date: 28 June 2013

The Taxation Committee of the Business Law Section of the Law Council of Australia (the Committee) welcomes the opportunity to provide comments and submissions in relation to the measures contained in the Proposals Paper of 14 May 2013, "Addressing Profit Shifting through the artificial loading of debt in Australia".

The primary focus of this submission is on the proposed repeal of Section 25-90.

The Committee's submission is that the repeal of section 25-90 is inconsistent with the policy that Australia has pursued over the past decade of promoting Australia as a suitable jurisdiction to establish holding companies for multinational investment.

Last Updated on 07/05/2025

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