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Australia Consults on Amendments to Strengthen Multinational Anti-Avoidance Law

|Proposed Changes|Australia
Australia

The Australian Treasury has launched a public consultation on draft legislation to amend the Multinational Anti-Avoidance Law (MAAL) to ensure that corporate structures involving foreign partnerships and foreign trusts cannot be used to avoid the application of the MAAL. The MAAL, which took effect from 1 January 2016, is meant to prevent multinationals from escaping Australian tax by using ar…

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