Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Bill 2023 [Provisions]

REPORT - September 2023

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Full Report (PDF)

Contents

Members

Acronyms and abbreviations

Chapter 1 - Introduction

Referral of the inquiry
Purpose of the bill
Provisions of the bill
Consultation
Commencement
Financial impact
Legislative scrutiny
Human rights implications
Regulatory impact
Conduct of the Inquiry
Acknowledgements

Chapter 2 - Views on the Bill

Introduction
Schedule 1: Multinational tax transparency—disclosure of subsidiaries
Schedule 2: Thin capitalisation
Committee view

Introduction
Deficient or non-existent consultation
Debt deduction creation rules
Issues with tax EBITDA method
Fixed ratio and group tests
Third party debt test
Retrospectivity
Associate entity test superannuation exemption
Consequences of passing without amendments

Appendix 1 - Submissions

Appendix 2 - Public Hearing

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