On 9 February, the Australian government introduced the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017. The Diverted Profits Tax Bill 2017, which sets the 40% tax on profits, was also introduced.
Broadly, the new law will apply if:
On 9 February, the Australian government introduced the Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017. The Diverted Profits Tax Bill 2017, which sets the 40% tax on profits, was also introduced.
Broadly, the new law will apply if: