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.
1 Unless otherwise noted, all references to legislation are to the Income Tax Assessment Act 1997.
Last Updated on 11/08/2023
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