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AUSTRALIAN SUPER.pdf

c2022-297736-australiansuper.pdf

🔗 Source: treasury.gov.au

📊 Size: 273 KB

👤 Author: Australian Super

⬇️ Downloads: 130

Summary

AustralianSuper submitted a response to the "Multinational tax integrity and enhanced tax transparency" Consultation Paper, supporting the policy intent of preventing base erosion and profit shifting by multinational groups. However, they suggest legislative reform to address an unintended consequence of the current thin capitalisation rules, which may impede infrastructure investment by Australian superannuation funds and negatively affect investment returns. The current rules can bring wholly Australian-based assets into the scope of thin capitalisation due to a superannuation fund's unrelated offshore investments, which is inconsistent with the policy aim of targeting profit shifting by multinational groups. AustralianSuper recommends amending the rules to address this issue and suggests options to achieve this. They also provide comments on the multinational enterprise interest limitation rules and multinational tax transparency.

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Description

AustralianSuper submitted a response to the "Multinational tax integrity and enhanced tax transparency" Consultation Paper, supporting the policy intent of...

Technical Information

File Format: PDF
File Size: 273 KB
Pages: 8
Language: EN
Author: Australian Super
Total Downloads: 130
Last Updated: 10 hours ago

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