On Thursday 6 August, the Australian Government released two exposure drafts in relation to its multinational tax integrity measures.
The new exposure drafts follow the package of measures to address multinational tax avoidance announced in the 2015 Budget.
The exposure drafts will:
The above measures apply to multinational groups with annual global revenue of A$1 billion or more, whether they are Australian headquartered, or Australian subsidiaries of overseas headquartered groups of this size (collectively "affected taxpayers").
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