In forceAmending Act
Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024
Act No. 23 of 2024 · Assented 8 April 2024
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In brief
Amends corporations and tax law dealing with how multinational groups disclose their subsidiaries in financial reports, and with thin capitalisation rules limiting debt-related tax deductions.
Who's affected
- Large multinational business groups
- Public companies preparing financial reports
- Tax and accounting advisers
- Australian Taxation Office
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