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Australian Treasury Revises Draft Bill on Deductions for Payments Relating to Intangible Assets Connected with Low Corporate Tax Jurisdictions

|Proposed Changes|Australia
Australia

The Australian Treasury has published the consultation outcomes on the multinational tax integrity package, including a revised draft bill and explanatory materials for the Intangible Integrity Measure to better achieve the policy intent. The Intangible Integrity Measure would deny deductions for payments relating to intangible assets connected with low corporate tax jurisdictions. The draft…

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