ASF | The Australian Securitisation Forum |
the Assessment Bill | Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024 |
ATO | Australian Taxation Office |
CFS | Consolidated Financial Statements |
the Consequential Bill | Treasury Laws Amendment (Multinational— Global and Domestic Minimum Tax) (Consequential) Bill 2024 |
CTA | Corporate Tax Association |
DMT | Domestic Minimum Top-up |
ETR | effective tax rate |
FANIL | Financial Accounting Net Income or Loss |
G20 | Group of 20 |
GDP | Gross Domestic Product |
the GloBE Rules | OECD Global anti-Base Erosion Model Rules |
HSF | Herbert Smith Freehills |
IIR | Income Inclusion Rule |
the Imposition Bill | Taxation (Multinational—Global and Domestic Minimum Tax) Imposition Bill 2024 |
Inclusive Framework | Inclusive Framework on Base Erosion and Profit Shifting |
MNEs | multinational enterprises |
OECD | Organisation for Economic Co-operation and Development |
The OIA Assessment | The Office of Impact Analysis published its assessment of the proposed implementation of the Two-Pillar Solution |
QDMTT | Qualified’ Domestic Minimum Tax |
STTR | Subject to Tax Rule |
TA Act | Taxation Administration Act 1953 |
The Two-Pillar Solution | Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy |
UTPR | Under-taxed Profits Rule |