Australia: Consultation paper, multinational tax integrity and tax transparency

Proposals would require public CbC reporting by multinational enterprises

Proposals would require public CbC reporting by multinational enterprises

Treasury on 5 August 2022 announced the release of a consultation paper [PDF 515 KB] with the following proposals relating to the taxation of multinational enterprises (MNEs) and tax transparency:

  • Limitation on interest deductions for MNEs (thin capitalisation)
  • Denying MNEs deductions for certain payments relating to intangibles and royalties
  • Public reporting of certain country-by-country (CbC) tax information
  • Mandatory reporting to shareholders of dealings with tax havens and high-risk tax arrangements
  • Requiring those seeking government business to disclose their country of tax domicile

Read Treasury’s release.


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