Australia’s Tax Integrity Measure Targeting Payments for Intangibles by Multinational Groups Overreaches and Gives Cause for Concern

Abstract

This article finds the draft Australian legislation purporting to deny deductions for payments relating to intangible assets connected with low-tax jurisdictions to ensure multinational enterprises pay their “fair share of tax in Australia” overly complex, overreaching, and potentially damaging to political relations with one of Australia’s most important trading partners.