OrbitaxAustralian Senate Committee Publishes Report on the Combating Multinational Tax Avoidance Bill including New Anti-Avoidance Rules and CbC Reporting
|Proposed Changes|Australia
On 9 November 2015, Australia's Senate Economics Legislation Committee published a report on the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 ({News-2015-09-17/P/2- previous coverage}). The legislation includes:
- A new multinational anti-avoidance law;
- Increased scheme penalties for significant global entities; and
- Country-by-Country reporting requirements in line with A…
