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More thin capitalisation reforms - changes to Bill released

07/12/2023

The further thin capital amendments are a step in the right direction for significant multinational tax reform. However, more still needs to be done to ensure the Bill is a targeted and measured response to the issue of base erosion.  The government has introduced more amendments to the thin capitalisation and debt deduction creation rules […]

Thin capitalisation reforms – changes to Bill released  

26/10/2023

Treasury has released for public comment an exposure draft of changes to the proposed thin capitalisation reforms.  The proposed changes do not go as far as many would have hoped, but certainly include some welcome amendments in relation to trusts.    Significant reforms to the thin capitalisation regime were introduced in the Bill1 into the House […]

Bill for new thin capitalisation regime introduced

26/06/2023

Following consultation to the Exposure Draft legislation earlier this year, the Government has now introduced the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 (the Bill) which details significant reforms to the thin capitalisation regime. Introduced into Parliament on 22 June 2023, the Bill is in line with […]

Property funds to be impacted by proposed thin cap changes

26/04/2023

The Government has released draft thin capitalisation law changes proposed to commence from 1 July 2023. If enacted, this may have a substantial impact on some property funds.  We recommend that all fund managers review their funds’ existing financing arrangements immediately to understand how the proposed rules impact interest deductions. For further details of the […]

How will multinationals “pay their fair share” under the new Government?

23/06/2022

The Australian Labor Party (ALP) steered clear of controversial tax debate during the Federal Election campaign this year. However, with the ALP forming Government, many people are wondering what to expect in terms of tax reform. Whilst the important details of the framework have yet to be released (and remain the subject of an intended […]