Australia Proposes New Limit on Multinationals' Interest Deductions
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Australia Proposes New Limit on Multinationals' Interest Deductions
Legislation proposed by the Australian government on March 16 would result in an interest deduction limitation for multinational companies operating in Australia. Companies would be able to deduct interest payments up to 30% of their EBITDA, or earnings before interest, taxes, depreciation, and amortization, replacing the existing asset-based test.
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