On 31 March 2023, the Australian government released draft legislation and an explanatory memorandum regarding a new anti-avoidance measure, which prevents large multinational enterprises from claiming tax deductions for payments relating to intangibles “connected with low corporate tax jurisdictions.”
Author
Ethan Kroll
BrowsingEthan Kroll is a partner in the Los Angeles office and a member of the Firm's tax practice group. He contributes regularly to the Tax Management International Journal's Leading Practitioner Commentary and speaks frequently on international tax issues. Previously, he was a principal at a Big Four accounting firm.